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Synopsis
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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