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Ingersoll Rand Buys Air Power Systems, Blutek, UT Pumps for Combined $135 Million
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Ingersoll Rand Buys Air Power Systems, Blutek, UT Pumps for Combined $135 Million
Oct 2, 2024 10:38 PM

04:59 PM EDT, 10/01/2024 (MT Newswires) -- Ingersoll Rand ( IR ) acquired Air Power Systems, Blutek and UT Pumps for a combined purchase price of $135 million.

US-based Air Power Systems provides hydraulic and pneumatic products and engineered services for specialty work truck vehicles, Ingersoll said Tuesday in a statement.

Blutek in Italy makes products for compressed air and nitrogen generation, and UT Pumps in India makes screw pumps and triplex plunger pumps, Ingersoll said.

The acquisitions add $50 million in revenue, the company said.

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