Ingersoll Rand to acquire Germany's Seepex

摘要

Ingersoll Rand Inc has entered into an agreement to buy the German positive displacement pump maker Seepex GmbH in a{EUR}431.5 million cash deal. Bottrop-headquartered Seepex specialises in progressive cavity pumps for water, wastewater, food and beverage, and chemical applications. With facilities in North America and Asia Pacific, the company employs 800 people and has annual revenues of around {EUR}160 million. Seepex will join the Ingersoll Rand Precision and Science Technologies(PST) segment.