Ingersoll Rand Continues To Expand Its Portfolio With Three Bolt-On Acquisitions For A Combined Purchase Price Of ~$135M
Portfolio Pulse from Benzinga Newsdesk
Ingersoll Rand Inc. has acquired three companies, APSCO, Blutek, and UT Pumps, for approximately $135 million. These acquisitions aim to enhance Ingersoll Rand's product offerings, geographic reach, and financial profile, with an expected mid-teens return on invested capital by the third year.
October 01, 2024 | 8:32 pm
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Ingersoll Rand's acquisition of APSCO, Blutek, and UT Pumps for $135M is set to enhance its product and technology offerings, increase geographic reach, and improve its financial profile. The company aims for a mid-teens ROIC by the third year.
The acquisitions are directly related to Ingersoll Rand's strategy to expand its portfolio and improve its financial metrics. The expected mid-teens ROIC indicates a positive financial impact, likely boosting investor confidence and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100