See the key financial figures reported by three major industrial manufacturers and distributors.
Latest In Ingersoll-Rand
The industrial manufacturer's impressive October-December period followed a likewise record-breaking third quarter.
After its offers to buy all of SPX Flow were rejected, Ingersoll Rand has instead acquired the company's air treatment business.
Provider of mission-critical flow creation and industrial solutions has struck a deal to acquire Air Dimensions for an all-cash purchase.
Ingersoll Rand has confirmed that it’s made two offers to acquire SPX Flow but so far the company has rejected them.
Ingersoll Rand’s all-cash deal to buy Maximus, which is expected to close in 3Q, comes one week after it announced it was buying Seepex.
Company spending $514.2 million on Seepex, a positive displacement pump manufacturer that has 800 employees and facilities in North America and Asia Pacific.
Company will divest its majority interest stake in its High Pressure Solutions segment to the private equity firm American Industrial Partners for $300 million.
The company said this acquisition “fits strategically with the company’s portfolio of air compression technologies and operates under the trade names MD Pneumatics and Kinney Vacuum Pumps.”
Ingersoll Rand’s latest addition — a division of Tuthill Corp. — will become a part of the Ingersoll Rand Industrial Technologies and Services (IT&S) segment.
The increase was mostly due to the acquisition of Ingersoll-Rand plcs Industrial segment by Gardner Denver Holdings, Inc. in February of 2020.
Christopher J. Kuehn will succeed Susan K. Carter, SVF & CFO, who is retiring in 2020.
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For the first six months sales increased 4.7%.
The transaction was completed on May 15 for $1.45 billion.
The company reported a loss of $2.1 million for the quarter.
The merger will create a global leader in mission-critical flow creation and industrial technologies.
Manufacturer reports strength in both Climate and Industrial segments.
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