Ingersoll Rand acquires Precision Flow Systems
Published by Tom Mostyn,
Editorial Assistant
Hydrocarbon Engineering,
Ingersoll-Rand PLC has announced it has completed the acquisition of Precision Flow Systems from funds advised by BC Partners Advisors LP and The Carlyle Group. The transaction was completed on 15 May 2019 for US$1.45 billion.
PFS is a provider of fluid management systems with a range of global brands. It serves mission-critical applications including water, precision irrigation, oil and gas, chemical and industrial. PFS generated sales of approximately US$400 million in 2018, has approximately 1000 employees and operates seven global manufacturing locations.
Read the article online at: https://www.hydrocarbonengineering.com/refining/16052019/ingersoll-rand-acquires-precision-flow-systems/
You might also like
Hydrocarbon Engineering Podcast
Susan Bell, Senior Vice President within Commodity Markets – Oil, Rystad Energy, discusses the impact of trade wars on global oil demand and oil prices, in light of President Trump’s ‘Liberation Day’ tariffs.
EU shifts on climate targets in the face of industry reality
The EU’s shift on climate targets has come to echo the reality of the industry, according to an Aggreko report.
