Anonymous ID: 08a30e Feb. 11, 2019, 6:55 a.m. No.5121518   🗄️.is 🔗kun

Ingersoll-Rand Plans to Acquire Precision Flow Systems for $1.45 Billion

 

Truck refrigeration system provider Ingersoll-Rand plc (IR - Get Report) is falling slightly pre-market after the company announced that it is planning to buy Precision Flow Systems for $1.45 billion from funds advised by CARLYLE GROUP and BC Partners Advisors.

 

Precision Flow is a leading provider of fluid management systems, operating in the water, agriculture, food and beverage, pharmaceuticals and process industries. The deal is expected to close in mid-2019.

 

Precision Flow will be folded into Swords, Ireland-based Ingersoll-Rand's Fluid Management business, which designs, manufactures, and markets pumps for specialized fluid handling applications.

 

and Carlyle group get paid

 

https://www.thestreet.com/investing/stocks/ingersoll-rand-acquires-precision-flow-systems-for-1-5-billion-14861496?puc=yahoo&cm_ven=YAHOO&yptr=yahoo