Ingersoll-Rand acquires Cameron unit for USD 850 mln

Ingersoll-Rand acquires Cameron unit for USD 850 mln

Ingersoll-Rand has entered into an agreement to acquire the assets of Cameron’s Centrifugal Compression division for $850 million with the acquisition being expected to close before the end of the year.

The division provides centrifugal compression equipment and aftermarket parts and services for global industrial applications, air separation, gas transmission and process gas.

Cameron’s Centrifugal Compression division generated sales of approximately $400 million in 2013, has approximately 850 employees and operates from 12 global locations.

The acquisition will strengthen Ingersoll Rand’s Compressed Air Systems and Services business, which provides a wide range of centrifugal, reciprocating and rotary air compressor products used in a variety of industrial and manufacturing applications. Cameron’s Centrifugal Compression division will also expand Ingersoll Rand’s compression offerings into areas such as air separation, petrochemical, chemical, and process gas.

 

Press Release, August 18, 2014; Image: Cameron

 

Share this article

Follow LNG World News

One thought on “Ingersoll-Rand acquires Cameron unit for USD 850 mln”

  1. Pingback: Gabriel

Comments are closed.

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >