Ingersoll-Rand Company Limited has agreed to buy privately owned Officine Meccaniche Industriali srl, a European supplier of compressed-air treatment equipment.

OMI develops and manufactures compressed-air treatment products, including air dryers, filters, chillers, and system controllers. OMI is based in northeast Italy in Fogliano Redipuglia, Gorizia Province, and has an additional facility in Logatec, Slovenia.

The acquisition of OMI reflects our intention to build upon one of our core business platforms relating to industrial productivity," said Herbert L. Henkel, CEO for Ingersoll Rand.

Upon completion of the acquisition, scheduled for late September 2007, OMI will operate as part of the Air Solutions business of Ingersoll Rand's Industrial Technologies Sector.

Ingersoll Rand is a diversified industrial manufacturer.