Ingersoll Rand Continues Momentum on Inorganic Growth in 2025
February 03 2025 - 3:30PM
Ingersoll Rand Inc., (NYSE: IR) a global provider of
mission-critical flow creation and life science and industrial
solutions, has acquired SSI Aeration, Inc. and its subsidiaries
(collectively “SSI”) to extend its capabilities in wastewater
treatment.
SSI is a global leader in the design and manufacturing of
wastewater treatment plant equipment with approximately $30 million
in annual revenue. Its product portfolio is focused on innovative
and energy-efficient engineered membrane diffusers including fine
bubble diffusers, coarse bubble diffusers, and aeration systems.
The acquisition will enable Ingersoll Rand to combine several
technologies like low pressure compressors with SSI’s aeration
offerings to provide a comprehensive, end-to-end solution. With
manufacturing facilities in the United States, South Korea, and
India, SSI will join the Industrial Technologies and Services
segment (IT&S).
“Inorganic growth remains a key part of our company’s overall
growth strategy in 2025,” said Vicente Reynal, chairman and chief
executive officer of Ingersoll Rand. “We look at potential
acquisitions through the lens of how they will help us optimize our
solutions, and we look forward to growing our presence in the
wastewater treatment market with the addition of SSI.”
About Ingersoll Rand Inc.
Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial
spirit and ownership mindset, is dedicated to Making Life Better
for our employees, customers, shareholders, and planet. Customers
lean on us for exceptional performance and durability in
mission-critical flow creation and life science and industrial
solutions. Supported by over 80+ respected brands, our products and
services excel in the most complex and harsh conditions. Our
employees develop customers for life through their daily commitment
to expertise, productivity, and efficiency. For more information,
visit www.IRCO.com.
Forward-Looking StatementsThis news release
contains “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995, including
statements related to Ingersoll Rand Inc.’s (the “Company” or
“Ingersoll Rand”) expectations regarding the performance of its
business, its financial results, its liquidity and capital
resources and other non-historical statements. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,”
“forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,”
“intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,”
“would,” “will be,” “on track to” “will continue,” “will likely
result,” “guidance” or the negative thereof or variations thereon
or similar terminology generally intended to identify
forward-looking statements. All statements other than historical
facts are forward-looking statements.
These forward-looking statements are based on Ingersoll Rand’s
current expectations and are subject to risks and uncertainties,
which may cause actual results to differ materially from these
current expectations. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those indicated
or anticipated by such forward-looking statements. The inclusion of
such statements should not be regarded as a representation that
such plans, estimates or expectations will be achieved. Important
factors that could cause actual results to differ materially from
such plans, estimates or expectations include, among others, (1)
adverse impact on our operations and financial performance due to
natural disaster, catastrophe, global pandemics (including
COVID-19), geopolitical tensions, cyber events or other events
outside of our control; (2) unexpected costs, charges or expenses
resulting from completed and proposed business combinations; (3)
uncertainty of the expected financial performance of the Company;
(4) failure to realize the anticipated benefits of completed and
proposed business combinations; (5) the ability of the Company to
implement its business strategy; (6) difficulties and delays in
achieving revenue and cost synergies; (7) inability of the Company
to retain and hire key personnel; (8) evolving legal, regulatory
and tax regimes; (9) changes in general economic and/or industry
specific conditions; (10) actions by third parties, including
government agencies; and (11) other risk factors detailed in
Ingersoll Rand’s most recent Annual Report on Form 10-K filed with
the Securities and Exchange Commission (the “SEC”), as such factors
may be updated from time to time in its periodic filings with the
SEC, which are available on the SEC’s website
at http://www.sec.gov. The foregoing list of important factors
is not exclusive.
Any forward-looking statements speak only as of the date of this
release. Ingersoll Rand undertakes no obligation to update any
forward-looking statements, whether as a result of new information
or development, future events or otherwise, except as required by
law. Readers are cautioned not to place undue reliance on any of
these forward-looking statements.
Contacts:
Investor Relations:Matthew.Fort@irco.com
Media:Sara.Hassell@irco.com
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