Ingersoll Rand Completes $300M Howden Roots Acquisition - Modern Distribution Management

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Ingersoll Rand Completes $300M Howden Roots Acquisition

The acquisition of Howden Roots expands Ingersoll Rand’s product portfolio with new low-pressure compression and vacuum technologies.
SHANGHAI, CHINA- NOV. 6, 2022: Ingersoll Rand sign is seen during the fifth China International Import Expo (CIIE).

On Aug. 18, global pumps and compressors manufacturer Ingersoll Rand announced it has completed the acquisition of Howden Roots from Chart Industries in an all-cash transaction of approximately $300 million.

The deal, which was first announced in June, expands Ingersoll Rand’s product portfolio with new and incremental low-pressure compression and vacuum technologies. As part of the transaction, Ingersoll Rand assumed ownership of the Connersville, Indiana, manufacturing facility, officials said in a news release.

Ingersoll Rand expects the acquisition to yield Adjusted EBITDA margins greater than 30% by year three. Roots has joined the Ingersoll Rand’s Industrial Technologies and Services segment.

“This acquisition demonstrates our commitment to inorganic growth through value-enhancing acquisitions,” said Vicente Reynal, Chairman and CEO of Ingersoll Rand.

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