# Ingersoll Rand to acquire Shanghai Hanye Air Purifying Technology

Ingersoll Rand agreed to acquire Shanghai Hanye, an OEM supplier of air treatment products in China, as part of three acquisitions totaling about $35 million in cash.

- Type: Acquisition
- Announced: 2018-05-25
- Where: Shanghai, China
- Status: announced
- Products: air treatment products, desiccant dryers, refrigerated compressed air dryers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Ingersoll Rand](https://endata.com/companies/1905.md) (acquirer)
- [Shanghai Hanye Air Purifying Technology](https://endata.com/companies/3343.md) (target)

## Sources

- [business.sherbrookerecord.com](https://business.sherbrookerecord.com/sherbrookerecord/article/bizwire-2022-8-1-ingersoll-rand-announces-three-acquisitions), 2018-05-25: "Ingersoll Rand Inc. (NYSE: IR) has entered into agreements to acquire Holtec Gas Systems LLC ("Holtec"), Shanghai Hanye Air Purifying Technology Co., Ltd ("Hanye"), and Hydro Prokav Pumps (India) Private Limited ("Hydro Prokav") for a combined cash purchase price of approximately $35 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.