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/
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The facility will provide customers with services for control systems engineering, staging and testing, manufacturing of differential pressure transmitters and control valves, and pressure relief and solenoid valve assembly.