Ingersoll Rand, a pumps and compressors manufacturer, offered to acquire SPX Flow, a provider of manufacturing equipment for the nutrition, health and industrial sectors, for $3.59bn. The deal would bolster Ingersoll’s industrial pumps business about two years after it agreed to merge with Gardner Denver Holdings, fortifying it as one of the world’s leaders in the market niche. Ingersoll’s heating and cooling operations were renamed Trane Technologies as part of a spinoff and merger.