Following close of ILC Dover, flow creation and industrial product maker Ingersoll Rand acquired three manufacturers for about $150 million combined.
Flow creation and industrial product maker Ingersoll Rand completed its previously announced acquisition of ILC Dover for $2.325 billion, and acquired three other manufacturers for about $150 million combined.
The acquisition of ILC will expand Ingersoll Rand’s addressable market to a total of approximately $65 billion in highly fragmented market segments with “significant and sustainable growth opportunities,” company officials said in a June 3 news release.
It adds new technologies for life science applications including powder and liquid single-use solutions for various end markets including biopharma, pharma, cell and gene therapy.
In addition, the company acquired Complete Air and Power Solutions (CAPS), Del PD Pumps & Gear (Del Pumps) and Fruvac (Fruitland Manufacturing).
- Del Pumps, based in India, manufactures rotary, twin, and triple gear pumps for the loading, unloading, transfer and pressurization of liquids. The acquisition will complement Ingersoll Rand’s portfolio of pumping solutions across life science, food and beverage, medical, natural gas and wastewater treatment industries. Del Pumps will join the newly established Precision Technologies platform within the Precision and Science Technologies segment.
- CAPS, based in Australia, has provided compressed air and power generation services for over 40 years. The acquisition is expected to expand the CAPS portfolio to include additional Ingersoll Rand products. The business will join the Industrial Technologies and Services (IT&S) segment.
- Fruitland Manufacturing is a manufacturer of mobile and truck mounted vacuum pumps, systems and peripheral parts. Based in Canada, Fruitland will expand Ingersoll Rand’s capabilities to include low flow applications in the mobile vacuum market. Fruitland will also join the IT&S segment.
“I remain energized by Ingersoll Rand’s growth trajectory,” Ingersoll Rand Chairman and CEO Vicente Reynal said. “These acquisitions demonstrate our continued commitment to our inorganic growth strategy and ability to execute on our acquisition pipeline.”
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Vesna Brajkovic
Vesna Brajkovic is MDM’s Senior Editor, having joined the company in May 2023. She has more than seven years of experience as a B2B publication editor, having focused on the commercial trucking, railroad, transit, fleet maintenance, automotive aftermarket and aviation industries. Brajkovic most recently spent the past two-plus years as Managing Editor of Heavy Duty Trucking for Bobit Business Media — where she reported and edited news and features on the commercial trucking industry, managed eNewsletters and social media, coordinated print magazine production and developed content for events and multimedia such as podcasts and videos. She can be contacted at vesna@mdm.com.
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