Ingersoll-Rand to Buy Precision Flow Systems for $1.45 Billion

Date : 02/11/2019 @ 12:13PM
Source : Dow Jones News
Stock : Ingersoll-Rand Plc (Ireland) (IR)
Quote : 122.77  -1.91 (-1.53%) @ 9:01PM

Ingersoll-Rand to Buy Precision Flow Systems for $1.45 Billion

Ingersoll Rand A (NYSE:IR)
Historical Stock Chart

6 Months : From Dec 2018 to Jun 2019

Click Here for more Ingersoll Rand A Charts.

By Chris Wack


Ingersoll-Rand Plc (IR) said Monday it agreed to acquire Precision Flow Systems from funds advised by BC Partners Advisors L.P. and Carlyle Group for $1.45 billion.

The Ireland-based company said Precision Flow Systems generated sales of about $400 million in 2018, has about 1,000 employees and operates seven global manufacturing locations.

Precision Flow would combine with Ingersoll-Rand's fluid management business, which designs, manufactures, and markets pumps for specialized fluid handling applications under the ARO brand.

Ingersoll Rand plans to fund the proposed acquisition through cash on hand and debt.

The acquisition is expected to close in mid-2019, and is seen accretive to Ingersoll-Rand's earnings in the first year.


Write to Chris Wack at


(END) Dow Jones Newswires

February 11, 2019 06:58 ET (11:58 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest IR Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.