Ingersoll Rand Acquires APSCO, Blutek and UT Pumps in $135M Bolt-on Deal
October 2, 2024
Ingersoll Rand Inc. acquired Air Power Systems Co., LLC (APSCO), Blutek s.r.l., and UT Pumps & Systems Private Limited in bolt-on transactions for a combined purchase price of approximately $135 million. The acquisitions add more than $50 million of combined revenue and expand Ingersoll Rand's pump, compressor and fluid-handling technologies and aftermarket capabilities across the United States, Italy and India.
- Buyers
- Ingersoll Rand Inc.
- Targets
- Air Power Systems Co., LLC (APSCO), Blutek s.r.l., UT Pumps & Systems Private Limited
- Industry
- Manufacturing
- Location
- Oklahoma, United States
- Transaction Type
- Addon
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