Ingersoll Rand SPX FLOW Air Treatment Acquisition 2022

Ingersoll Rand presents the acquisition of SPX FLOW's air treatment business for $525 million, adding complementary desiccant dryers, filtration systems, and purifiers to its Industrial Technologies and Services segment. The deal targets 30% adjusted EBITDA margins by year 3 through synergies and integrates with Ingersoll Rand's multi-brand strategy and sustainability initiatives.