Ingersoll Rand Inc. (NYSE: IR), Davidson, North Carolina, completed its acquisition of Albin Pump SAS, headquartered in Montelimar, France. Financial terms of the deal weren’t disclosed.
The company said the addition “fits strategically with the company’s intention to expand its offering of fluid management technologies and drive more sustainability into pump applications.”
Albin has 30 years of experience as a manufacturer of electric peristaltic pumps, and will join the Precision and Science Technologies segment led by Nick Kendall-Jones.
“The Albin business possesses strong technological expertise in niche applications and end markets, and we are pleased to welcome them to the Ingersoll Rand family,” said Kendall-Jones. “The technologies align well with our current brands and will continue to position Ingersoll Rand for growth as an industry leader in pump and fluid technologies.”