Ingersoll Rand Executes Strategic Capital Deployment with Three Key Acquisitions Totaling $135 Million

Ingersoll Rand Inc. (NYSE: IR), a major provider of industrial flow solutions and life science technologies, has completed the acquisition of three complementary businesses—Air Power Systems Co., LLC (APSCO), Blutek s.r.l., and UT Pumps & Systems Private Limited—in a disciplined capital allocation initiative. The combined transaction value stands at approximately $135 million, with the three companies contributing over $50 million in cumulative revenue at favorable valuation multiples based on 2024 estimated Adjusted EBITDA.

Strengthening Market Position Across Multiple Segments

The three acquisitions directly reinforce Ingersoll Rand’s competitive standing in high-growth, sustainable end markets. Each acquisition targets distinct value-creation levers: geographic expansion, technology enhancement, and product portfolio diversification. The transactions underscore the company’s bolt-on acquisition playbook, designed to generate mid-teens return on invested capital (ROIC) by the third full year of ownership.

UT Pumps, the Indian-based screw and triplex plunger pump manufacturer, brings specialized pumping technology to Ingersoll Rand’s Precision and Science Technologies (P&ST) segment. The acquisition targets attractive sectors including water treatment, wastewater management, food and beverage processing, pharmaceutical production, and industrial chemicals. By integrating UT Pumps’ high-pressure pump expertise, Ingersoll Rand gains direct access to growing infrastructure and process automation markets across Asia and beyond.

APSCO, headquartered in the United States, operates a 60-year legacy as a specialist in hydraulic and pneumatic systems for specialty work truck vehicles. Offering hydraulic coolers, system components, pneumatic consoles, and valve assemblies, APSCO will enhance Ingersoll Rand’s Industrial Technologies and Services (IT&S) segment. The integration is expected to solidify the company’s competitive advantage in the dry and liquid bulk transport markets with energy-efficient engineered solutions.

Blutek, an Italian engineering firm, designs compressed air and nitrogen generation systems for mission-critical applications. As a certified supplier to major EPC (Engineering, Procurement, and Construction) firms, Blutek adds technological capabilities and aftermarket revenue potential in emerging sectors such as biogas production and carbon capture systems. Blutek will also operate within the IT&S segment, amplifying Ingersoll Rand’s high-specification project competitiveness.

Capital Allocation Framework and Financial Performance

Vicente Reynal, chairman and chief executive officer, emphasized that these acquisitions reflect the company’s core investment thesis: “Sustainability, innovation, and aftermarket services drive our capital deployment decisions. These transactions demonstrate our successful bolt-on methodology, which, combined with Ingersoll Rand Execution Excellence (IRX), continues to create shareholder and customer value.”

To date, Ingersoll Rand has completed 14 acquisitions during the current year, validating the company’s systematic approach to inorganic growth. This acquisition cadence aligns with the broader strategic vision of building a diversified industrial company with over 80 respected brands and capabilities spanning complex, demanding operational environments.

The acquisitions expand Ingersoll Rand’s geographic footprint, particularly strengthening its presence in emerging markets while enhancing technological offerings across pump, compression, and fluid handling solutions. Each business brings established customer relationships, proprietary technologies, and recurring aftermarket service revenues that support the targeted mid-teens ROIC trajectory.