Ingersoll Rand Inc. (), a provider of flow control and industrial solutions, inked a deal to buy Seepex GmbH in an all-cash transaction worth €431.5 million.Shares jumped 3.1% to close at $46.92 on June 21. And when it comes to automotive component assembly, Ingersoll Rand Power tools - both cordless and pneumatic -- are critical throughout the entire process, from fastening to finishing. Report this post Great day for the SEEPEX team at the #WaterEquipmentShow by The Pump Centre Visit #SEEPEX, leading . The all-cash deal is slated to close in the third quarter once the customary . 09/01/2021 2100. ZM 2. Mr. Reynal owns 108,427 shares of Ingersoll Rand stock worth more than $4,749,103 as of May 8th. In September 2021, Ingersoll Rand Inc. acquired Seepex GmbH to grow the brand, technologies, and expertise in digital platforms. Ingersoll Rand is a global provider of mission-critical flow creation and industrial solutions. May - 3. "With a shared culture and values, the Seepex team is a natural fit to join the Ingersoll Rand family and we look forward to working together to grow the brand, technologies and expertise in digital platforms as part of our growth strategy," said Vicente Reynal, chief executive officer of Ingersoll Rand. We're proud of our legacy for: • Developing ruggedly reliable tools. This is the company's second. Seepex is a Germany based manufacturer of progressive cavity pumps, that primarily serves water, wastewater, food and beverage, and chemical end . By continuing to use our service, you agree to our use of cookies. References (0) Cited by (0) Recommended articles (6) Research article. As a result, Ingersoll Rand is raising its full-year 2021 revenue growth and Adjusted EBITDA guidance (excluding HPS, SVT, and the pending acquisitions of Seepex and Maximus Solutions) to the . Events | SEEPEX. Cookies are used to offer you a better browsing experience and to analyze our traffic. A further example of our focus on sustainable, innovative solutions is the Thomas Pumps . - 30. For more information on the Ingersoll Rand portfolio of brands visit - https://www.irco.com/en-gb/brands The company has facilities in Europe, North America and Asia Pacific, around 800 employees and annual . An Ingersoll Rand Business About SEEPEX Events Fairs and Events Water Equipment Show Telford, United Kingdom 11. They pump motor and gear oils, transmission fluid, and standard and industrial greases. Bottrop, Germany-headquartered Seepex manufactures progressive cavity pumps for water, wastewater, food and beverage and chemical applications. SEEPEX | 8,191 followers on LinkedIn. SPY 3. As the SEEPEX business continues to grow, our brand has evolved and we now. Since merging with Gardner Denver in early 2020, we have more than 300 years of combined experience and innovative . Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has entered into an agreement to acquire positive displacement pump manufacturer, Seepex. These solutions also deliver significant sustainability impact to clean energy, water, food and human health that makes life better for our society and planet. We provide innovative and mission-critical industrial, energy, medical and specialty vehicle products and services across 40+ respected brands designed to excel in even the most complex and harsh conditions where downtime is especially costly. This is Ingersoll Rand's 3rd transaction in Germany. June 2022 WEFTEC New Orleans, LA, USA 10. DAVIDSON, N.C., Jun 21, 2021--Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has entered into an agreement to acquire positive . Marketing Manager for SEEPEX UK Ltd, an Ingersoll Rand Business Yeovil, England, United Kingdom 500+ connections. Ingersoll Rand . Seepex was acquired by Ingersoll Rand on June 21, 2021. In May 2021, Johnson Controls International Plc acquired Silent Aire to begin driving innovation and increasing customer value. To participate in the call, please dial 1-844 . SEEPEX | 8,150 followers on LinkedIn. We have had a family-owned business of mor than 45 years and it was imperative to find a buyer who had a purpose and values like ours with a steadfast commitment to customer . The optimized rotor profile and standard IE5 premium efficiency motor provide efficiency gains, resulting in lower energy costs and reduced operational spend. The transaction value has been fixed at €431.5 million in cash. With the acquisition of SEEPEX, Ingersoll Rand is pursuing a clear growth strategy within its precision and science technologies (PST) segment to grow its pump technology offering and gain further exposure to high-growth . Jun 21st, 2021 Ingersoll Rand "Seepex has a demonstrated history . Ingersoll Rand is the one-stop shop for all your air compressor needs in Orlando, FL. LubricationEquipment. ARO, Thomas, Welch, Dosatron, YZ, SEEPEX and others. Based in Bottrop, Germany with facilities in North America and Asia Pacific, Seepex has approximately 800 employees and annual revenue of approximately €160 million. Based in Bottrop, Germany, with facilities in North America, Europe and Asia Pacific, SEEPEX has approximately 800 employees and generated annual revenues of approximately €150 million in 2020. - 10. Ingersoll Rand Completes Acquisition of Seepex GmbH. Ingersoll Rand Inc. Monday announced its decision to buy positive displacement pump manufacturer, Seepex GmbH in an all-cash transaction, valued at 431.5 million euros.Ingersoll believes the acquisition to have complementary synergy opportunities for the company and expects to reduce the post-synergy adjusted EBITDA purchase price multiple to low double digits by year three of ownership. May 2022 IFAT Munich Munich, Germany 30. This is Ingersoll Rand's 2nd largest (disclosed) transaction. ("IngersollRand Industrial")and the Company and the recently-announced proposed acquisitions of Seepex GmbH and Ingersoll Rand Buying German Pump Maker for $514 Million Seepex is a manufacturer of progressive cavity pumps, primarily serving water, wastewater, food and beverage and chemical end markets. This net worth evaluation does not reflect any other assets that Mr. Reynal may own. The transaction value has been fixed at €431.5 million in cash. Ingersoll (IR) completes the acquisition of Seepex, which is expected to solidify its product offering, technological capabilities, and market reach. Using Ingersoll Rand Execution Excellence (IRX) as the catalyst to drive the transaction to a . Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions completed the acquisition of Seepex GmbH (Seepex). Ingersoll Rand's Air Compressor Manager (ACM) Master Controller optimizes performance of compressed air systems with an intuitive and easy-to-use interface. Based in Germany, with facilities in North America and the Asia Pacific, Seepex manufactures progressive cavity pumps, which primarily serve the water, wastewater, food and beverage, and . For over 100 years, the Tuthill name has set the industry standard for Process, Lubrication and Magnetically Coupled Pumps. Source: Ingersoll Rand Seepex M&A Presentation Slides. Cookies are used to offer you a better browsing experience and to analyze our traffic. When it comes to assembly tools, industrial tools, cordless tools and vehicle service tools, don't settle for less. Even a great company can grow more each day. View analysts' price targets for Ingersoll Rand or view top-rated stocks among Wall Street analysts. This includes not only the tool itself, but networked . "With a shared culture and values, the Seepex team is a natural fit to join the Ingersoll Rand family and we look forward to working together to grow the brand, technologies and expertise in digital platforms as part of our growth strategy," said Vicente Reynal, chief executive officer of Ingersoll Rand. Ingersoll Rand offers a variety of compressors that fit your business. SEEPEX is a leading . An Ingersoll Rand Business | Technology, service, solutions - all things flow and change. Join to follow SEEPEX. Publicly listed Ingersoll Rand (NYSE:IR) is a global provider of mission-critical, flow-creation industrial solutions. Known for its high reliability and customer-oriented mindset, the company has an extensive product portfolio and application know-how, that allows it to deliver the highest performance in quality . On average, they expect Ingersoll Rand's stock price to reach $64.85 in the next twelve months. Our advanced engineering and manufacturing have a standard of excellence often copied, but never matched. Ingersoll Rand has long been a leader in providing compressed air solutions for various industries. Ingersoll Rand Inc. (), a provider of mission-critical flow creation and industrial solutions on Wednesday said it completed the acquisition of Seepex GmbH (Seepex).The all-cash acquisition, valued at 431.5 million euros, was announced on June 21. SEEPEX 8,084 followers 1mo Six months ago, on September 1st, SEEPEX joined the Ingersoll Rand family of businesses. On June 21, 2021, Ingersoll Rand Inc. acquired machinery company Seepex GmbH for 432M EUR Acquisition Highlights. Ingersoll Rand Inc. IR yesterday announced that it agreed to acquire Bottrop, Germany-based Seepex GmbH. Ingersoll Rand Inc. may continue to pursue Charlotte-based SPX Flow, which is exploring strategic alternatives after turning down a bid by the Davidson-based company. Ulli Seeberger, chairman and owner of Seepex, commented, "Ingersoll Rand emerged as the buyer of choice given the cultural fit, vision for the business and their approach. DAVIDSON, N.C., September 01, 2021 -- ( BUSINESS WIRE )--Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions completed the acquisition of. "Seepex has a demonstrated history of a . Out of 60 sectors in the Mergr database, machinery ranked 23 in number of deals in 2021.The largest machinery acquisition in 2021 was Welbilt - which was acquired by Ali Group S.r.l. For more than 100 years, professionals have relied on Ingersoll Rand for quality and performance on the toughest jobs. Benefiting from over 160 years of experience, which comes from serving 100,000 industrial customers across 50 countries, being "an Ingersoll Rand business" brings unparalleled value to our . Simply put, air compressors are used from start to finish in the automotive manufacturing process. Ingersoll Rand Inc., is a multinational company that provides flow creation and industrial products. "Since joining in 2018 Barbara has proved to be a valuable member of SEEPEX UK. 21 Jun 2021 Image: tang90246/Adobe Stock. Bottrop, Germany-headquartered Seepex manufactures progressive cavity pumps for water, wastewater, food and beverage and chemical applications. With the acquisition of Seepex, Ingersoll Rand is pursuing a clear growth strategy within its Precision and Sciences segment (PST) to grow its pump technology offering and gain further exposure to high-growth, sustainable end markets such as water, wastewater and food and beverage. The industry leaders just got stronger: Tuthill Pumps is proud to be the newest part of Ingersoll Rand. Tuthill Pumps joins Oberdorfer and Ingersoll Rand to Expand Offering. For more than 150 years, Ingersoll Rand® has driven innovation with revolutionary technology and creating new standards for how the world gets work done. Driven by an entrepreneurial spirit and ownership mindset, committed to helping make life better. We are honored to bring these two teams together and I look forward to working with the Seepex team." Ulli Seeberger, chairman and owner of Seepex, commented, "Ingersoll Rand emerged as the buyer of choice given the cultural fit, vision for the business and their approach. Equipped with a Luminance Series intelligent controller with powerful remote . An Ingersoll Rand Business | Technology, service, solutions - all things flow and change. Credit Suisse analyst John Walsh recently. The all-cash transaction, valued at €431.5 million, is expected to close during Q3 upon obtaining required regulatory approvals. Since the deal, the new Ingersoll Rand delivered $115 million in merger savings in 2020 and expects $100 million more this year, Kini told analysts. Ingersoll Rand Inc has completed its acquisition of the progressive cavity pump company Seepex GmbH. Barbara C. Marketing Manager for SEEPEX UK Ltd, an Ingersoll Rand Business. Ingersoll Rand is a global market leader with a broad range of innovative and mission-critical air, fluid, energy and medical technologies, providing services and solutions to increase industrial productivity and efficiency. Ingersoll Rand will host a live earnings conference call to discuss the first-quarter results on Thursday, May 5, 2022 at 8:00 a.m. (Eastern Time). Oil Pumps Grease Pumps Lubrication Parts & Accessories Handheld Grease Guns Drum Accessories. The new RM-Series oil-flooded screw air compressors leverage an advanced compressor core to achieve exceptional performance and reliability standards. Even a great company can grow more each day. Ingersoll Rand (NYSE:IR) agrees to acquire positive displacement pump manufacturer Seepex GmbH for €431.5M in cash. 01 September 2021 DAVIDSON, N.C.-- (BUSINESS WIRE)-- Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions completed the acquisition of Seepex GmbH (Seepex). June 2022 Carrefour des Gestions de Locales de l'eau Rennes, France 29. Article Stock Quotes (1) FREE Breaking News Alerts from StreetInsider.com! Ingersoll Rand Inc. IR yesterday announced that it agreed to acquire Bottrop, Germany-based Seepex GmbH. • Class-leading industrial technologies. Vice President & General Manager - Milton Roy & Seepex Brands Ingersoll Rand Jan 2022 - Present 1 month. Stockhouse.com use cookies on this site. Ingersoll Rand Inc has entered into an agreement to buy the German positive displacement pump manufacturer Seepex GmbH in a €431.5 million cash deal. for $4.8B.. Join Mergr to view all 136 acquisitions of machinery companies in 2021, including 22 acquisitions by private equity firms, and 114 by strategics. For the Craft Gourmet industry you can choose among a few models to keep your business run smoothly: Oil-Free Scroll Air Compressor: Efficiency, quiet operation, low maintenance and a small footprint are critical, Scroll Air Compressors are the smart choice. . Additionally, Mr. Reynal receives an annual salary of $3,770,000.00 as Insider at Ingersoll Rand. Ingersoll Rand Execution Excellence (IRX) served as the catalyst to complete the transaction ahead of commitment. This is the company's . E-mail Address. SEEPEX is a leading worldwide specialist in pump technology. The all-cash transaction, valued at €431.5 million, is expected to close during Q3 upon obtaining required regulatory approvals. With the acquisition of Seepex, Ingersoll Rand is pursuing a clear growth strategy within its Precision and Sciences segment (PST) to grow its pump technology offering and gain further exposure to high-growth, sustainable end markets such as water, wastewater and food and beverage. Using proven logic, the ACM integrates with virtually all makes and models of air compressors and auxiliary . Seepex has invested around €10 million to build this platform and Ingersoll Rand plans to scale this digital capability across the whole PST segment. Publicly listed Ingersoll Rand (NYSE:IR) is a global provider of mission-critical, flow-creation industrial solutions. Our employees connect to customers for life by . Click continue to access portals and customer service tools for Compressed Air distributors. 1. Houston, Texas, United States Responsible for leading for the overall performance of the . Ingersoll Rand Inc. (IR Quick Quote IR - Free Report) yesterday announced that it completed the acquisition of Bottrop, Germany-based Seepex GmbH for €431.5 million in cash. Remote monitoring capability makes it easy to maximize your compressed air production from the comfort of your control room. Ingersoll Rand Completes Acquisition of Seepex GmbH. He projects $50 million in savings in 2022 and . Ingersoll Rand's Solutions for Raw Material. Ingersoll Rand Execution Excellence (IRX) served as the catalyst to complete the transaction ahead of commitment. ; Seepex is a manufacturer of rogressive cavity pumps, primarily serving water . She is quick to learn and eager to master new roles and tasks. Valuation-wise, Seepex's c. $190 million revenue base equates to a c. 2.7x EV/Sales multiple, which seems reasonable considering the growth . Bottrop-headquartered Seepex specialises in progressive cavity pumps for water, wastewater, food and beverage, and chemical applications. Upon transaction close, the Seepex business will join the Ingersoll Rand Precision and Science Technologies (PST) segment. "With a shared culture and values, the Seepex team is a natural fit to join the Ingersoll Rand family and we look forward to working together to grow the brand, technologies and expertise in digital platforms as part of our growth strategy," said Vicente Reynal, chief executive officer of Ingersoll Rand. SEEPEX is proud to be an Ingersoll Rand business. '' > Ingersoll Rand ( NYSE: IR ingersoll rand seepex is a leading worldwide specialist in pump Technology disclosed transaction. Dial 1-844 closes Seepex Acquisition < /a > Seepex | 8,191 followers on LinkedIn efficiency motor provide efficiency gains resulting! Agreement to buy the German positive displacement pump manufacturer Seepex GmbH < /a > Seepex | followers. A €431.5 million, is expected to close in the next twelve months member... 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