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Ingersoll Rand agreed to acquire Hydro Prokav Pumps (India), a pump maker, as part of three acquisitions totaling about $35 million in cash. The deal adds progressive cavity pump market penetration.
“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.”business.sherbrookerecord.com
Summarized from public sources; check the original articles before acting on it.