Ingersoll Rand Closes on ILC Dover and Announces Acquisition of Three Additional Companies

Core Insights - Ingersoll Rand Inc. has completed the acquisition of ILC Dover for approximately $2.325 billion, expanding its addressable market to about $65 billion in fragmented segments with sustainable growth opportunities [2] - The company also acquired Complete Air and Power Solutions, Del PD Pumps & Gear Pvt Ltd, and Fruvac Ltd for a combined price of around $150 million, demonstrating its commitment to capital allocation and achieving mid-teens return on invested capital three years post-acquisition [1][2] Acquisition Details - The acquisition of ILC adds new technologies for life science applications, including innovative single-use solutions for biopharma and gene therapy markets [2] - Del Pumps, based in India, manufactures various gear pumps and will enhance Ingersoll Rand's portfolio in life sciences, food and beverage, and wastewater treatment [2][3] - CAPS, based in Australia, provides compressed air and power generation services and will expand its offerings with Ingersoll Rand products [3] - Fruitland Manufacturing, located in Canada, specializes in mobile vacuum pumps and will enhance Ingersoll Rand's capabilities in low flow applications [3] Strategic Commitment - The acquisitions reflect Ingersoll Rand's ongoing commitment to inorganic growth and its ability to execute on its acquisition pipeline [3] - The company aims to achieve significant synergies and enhance its product offerings across various high-growth markets [2][3]