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Announced

Completed

Ingersoll Rand completed the acquisition of Roots from Chart Industries for $300m.

Financials

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Transaction Value£238m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Domestic

Acquisition

Single Bidder

Machinery: Specialty

positive displacement

low-pressure compression

United States

Friendly

vacuum technologies

Private

Completed

Synopsis

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Ingersoll Rand, a provider of mission-critical flow creation and industrial solutions, completed the acquisition of Roots, a provider of low-pressure compression and vacuum technologies, from Chart Industries, a manufacturer of highly engineered equipment, for $300m. "This acquisition demonstrates our commitment to inorganic growth through value-enhancing acquisitions. We are excited to welcome the Roots team to the Ingersoll Rand family. Together, we will make life better – for our employees, customers, planet, and shareholders," Vicente Reynal, Ingersoll Rand Chairman and CEO.

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