# Ingersoll Rand completes acquisition of Italy's Friulair for about $146M

Ingersoll Rand has completed the all-cash acquisition of Friulair S.r.l., an Italian maker of compressed air dryers and chillers with manufacturing in Italy and Thailand, for approximately $146 million. Friulair has roughly $65 million in revenue and about 215 employees.

- Type: Acquisition
- Announced: 2024-02-01
- Where: Italy
- Value: $146.0M
- Status: completed
- Products: compressed air dryers, chillers, heat pumps
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Ingersoll Rand](https://endata.com/companies/1905.md) (acquirer)
- [Friulair S.r.l.](https://endata.com/companies/11488.md) (target)

## Sources

- [au.investing.com](https://au.investing.com/news/stock-market-news/ingersoll-rand-expands-with-friulair-acquisition-93CH-3103579), 2024-02-01: "The all-cash transaction was valued at approximately $146 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.