Ingersoll Rand Acquires Pedro Gil and Westwood Technical
September 1, 2022
Ingersoll Rand Inc. agreed to acquire Spanish blower manufacturer Pedro Gil Construcciones Mecánicas, S.L. and closed the acquisition of UK-based control and instrumentation specialist Westwood Technical Limited for a combined upfront cash purchase price of approximately $30 million. Pedro Gil (≈$15M revenue) expands Ingersoll Rand's presence in Spain and product portfolio, while Westwood Technical adds IIoT/LoRaWAN AircomTM capabilities to Ingersoll Rand's monitoring and control offerings.
- Buyers
- Ingersoll Rand Inc.
- Targets
- Pedro Gil Construcciones Mecánicas, S.L., Westwood Technical Limited
- Industry
- Manufacturing
- Location
- Spain
- Transaction Type
- Buyout
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