Ingersoll Rand to Acquire Holtec Gas Systems, Shanghai Hanye, and Hydro Prokav Pumps

August 1, 2022

Ingersoll Rand Inc. has entered into agreements to acquire Holtec Gas Systems LLC, Shanghai Hanye Air Purifying Technology Co., Ltd, and Hydro Prokav Pumps (India) Private Limited for a combined cash purchase price of approximately $35 million. The acquisitions expand Ingersoll Rand’s air treatment capabilities and progressive cavity pump presence, supporting its inorganic growth strategy across adjacent products and geographies.

Buyers
Ingersoll Rand Inc.
Targets
Holtec Gas Systems LLC, Shanghai Hanye Air Purifying Technology Co., Ltd, Hydro Prokav Pumps (India) Private Limited
Location
Missouri, United States
Transaction Type
Buyout

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