Ingersoll Rand Acquires Friulair to Expand Air Treatment Capabilities

Core Insights - Ingersoll Rand Inc. has completed the acquisition of Friulair S.r.l. for an all-cash upfront price of approximately $146 million, enhancing its air dryer business and expanding its manufacturing capabilities [1][2] Group 1: Acquisition Details - Friulair, based in Italy, specializes in the design and production of dryers, filters, aftercoolers, and accessories for compressed air treatment, as well as chillers [1] - The acquisition is expected to significantly increase Ingersoll Rand's access to the original equipment manufacturer channel and add new chiller production capabilities [1][2] - Friulair employs around 215 people and generates approximately $65 million in revenue [2] Group 2: Financial Expectations - Ingersoll Rand anticipates realizing Adjusted EBITDA margins exceeding 30% by the third year of ownership through synergies and the deployment of IRX [2] - The acquisition is expected to accelerate growth in the food and beverage and pharmaceutical end markets, in addition to scaling the existing air treatment business [2] Group 3: Strategic Integration - Friulair will be integrated into Ingersoll Rand's Industrial Technologies and Services (IT&S) segment, aligning with the company's strategic growth objectives [2]