The hottest Ingersoll Rand acquires Cameron's cent

2022-08-22
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Ingersoll Rand acquires Cameron's centrifugal compression system department

Ingersoll Rand acquires Cameron's centrifugal compression system department

2014 - repeated several times China Construction machinery information

Swartz, Ireland, August 18, 2014 - Ingersoll Rand (NYSE Code: IR), the global leader in creating a comfortable, sustainable and efficient environment, today announced stable and accurate values, The company has reached an acquisition agreement with Cameron (NYSE Code: CAM) and will acquire the centrifugal compression system Department of Cameron for us $850million. At present, this acquisition still needs to be approved by regulators and is expected to be completed by the end of this year

Cameron's centrifugal compression system division provides centrifugal compressor equipment, parts and after-sales services for global industrial applications, air separation, gas transmission and process gas. In 2013, the global sales supply of the Department was nearly US $400million, with 850 employees and operations in 12 regions around the world. After the acquisition, turbo air? And MSG? The two brands will further expand Ingersoll Rand's brand portfolio

"Cameron's centrifugal compression system department provides us with a more comprehensive product, production, engineering and technical strength and financial synergy. It will be well integrated into our existing core business and will provide more meaningful value to our shareholders," said Michael W. lamach, chairman and CEO of Ingersoll Rand worldwide, "This acquisition expands our industrial technology business and will bring rapid value-added benefits to the company's earnings per share, EBITDA and return on investment capital."

this acquisition will further enhance the business strength of Ingersoll Rand compressed air systems and services, and will provide a full range of centrifugal, piston and screw compressors for industrial and production applications. Cameron's centrifugal compression system department will further expand the application of Ingersoll Rand's compressor products in the field of air separation, petrochemical, chemical and process gas consumption that is not only in line with the market

in this regard, Jack Moore, chairman and CEO of Cameron worldwide, said: "we are very happy and look forward to the centrifugal compression system department joining Ingersoll Rand's compressed air system and service department, and providing products with a wider range of energy efficiency and gas volume, so as to provide better services to customers."

Ingersoll Rand will provide financial support for this acquisition through cash and financing

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