# Ingersoll Rand completes acquisition of India's UT Pumps & Systems for $11.7 million

Ingersoll Rand completed its acquisition of UT Pumps & Systems Pvt. Ltd on October 1, 2024, for $11.7 million. UT Pumps joins the Precision and Science Technologies segment; the company also bought Blutek and APSCO in a combined deal of about $135 million.

- Type: Acquisition
- Announced: 2024-10-01
- Where: India
- Value: $11.7M
- Status: completed
- Products: pumps, pump systems
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Ingersoll Rand](https://endata.com/companies/1905.md) (acquirer)
- [UT Pumps & Systems](https://endata.com/companies/12337.md) (target)
- [APSCO](https://endata.com/companies/12358.md) (target)
- [TGP Investments](https://endata.com/companies/12359.md) (partner)
- [D.A. Davidson](https://endata.com/companies/12360.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/INGERSOLL-RAND-INC-34837589/news/Ingersoll-Rand-Inc-NYSE-IR-completed-the-acquisition-of-UT-Pumps-Systems-Pvt-Ltd-for-11-7-mil-47987455/), 2024-09-30: "Ingersoll Rand Inc. (NYSE:IR) completed the acquisition of UT Pumps & Systems Pvt. Ltd for $11.7 million on October 1, 2024."
- [globenewswire.com](https://www.globenewswire.com/news-release/2024/10/01/2956601/0/en/Ingersoll-Rand-Continues-to-Expand-its-Portfolio-with-Three-Bolt-On-Acquisitions.html), 2024-10-01: "UT Pumps is a leading Indian manufacturer of screw pumps and triplex plunger pumps."
- [inddist.com](https://www.inddist.com/mergers-acquisitions/news/22922106/ingersoll-rand-announces-three-bolton-acquisitions), 2024-10-02: "UT Pumps is a leading Indian manufacturer of screw pumps and triplex plunger pumps."
- [dadavidson.com](https://www.dadavidson.com/About-Us/News/ArticleID/6800/D-A-Davidson-Acts-as-Exclusive-Financial-Advisor-to-APSCO-in-its-Sale-to-Ingersoll-Rand), 2024-10-08: "APSCO has done a tremendous job leveraging its leading position in pneumatics to substantially expand in hydraulics with a strong reputation for excellence."
- [jsalaw.com](https://www.jsalaw.com/deals-matter/ingersoll-rand-acquires-the-pumps-business-of-ut-pumps-systems-private-limited-through-its-indian-subsidiary/), 2024-10-18: "The acquisition of the pumps business of UT Pumps adds new pump technology to Ingersoll Rand’s portfolio."
- [barandbench.com](https://www.barandbench.com/dealstreet/jsa-acts-on-ingersoll-rand-acquiring-pumps-business-of-ut-pumps-systems), 2024-11-04: "Ingersoll Rand has acquired the pumps business undertaking of UT Pumps & Systems Private Limited, through its Indian subsidiary."

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