# ELGi Equipments gets approval to acquire 100% of Michigan Air Solutions for about $6 million

ELGi Equipments received approval to acquire 100 percent of Michigan Air Solutions LLC, a Michigan-based air compressor distributor, through its US subsidiary. The total consideration is around US$6 million.

- Type: Acquisition
- Announced: 2019-12-16
- Where: Michigan, United States
- Value: $6.00M
- Status: announced
- Products: air compressors, compressed air equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Elgi Equipments](https://endata.com/companies/1552.md) (acquirer)
- [Michigan Air Solutions](https://endata.com/companies/5909.md) (target)

## Sources

- [insights.dsij.in](https://insights.dsij.in/dsijarticledetail/elgi-equipments-shines-on-getting-nod-to-acquire-stake-in-michigan-air-solutions-10555), 2019-12-17: "The total consideration for the acquisition is around US$6 million (Rs 42.44 crore)."
- [globenewswire.com](https://www.globenewswire.com/fr/news-release/2019/12/17/1961462/0/en/elgi-acquires-michigan-air-solutions-and-expands-its-presence-in-the-north-american-air-compressor-market.html), 2019-12-17: "ELGi's acquisition of Michigan Air is a continuation of our strategy to invest in select, inorganic opportunities to gain presence in the North American market."
- [elgi.com](https://www.elgi.com/us/press-coverage/elgi-acquires-michigan-air-solutions-and-expands-its-presence-in-the-north-american-air-compressor-market/), 2019-12-17: "Michigan Air Solutions complements ELGi's global growth strategy, and brings significant market reach and scale."
- [elgi.com](https://www.elgi.com/in/news/elgi-buys-us-compressor-distributor-for-rs-42-cr/), 2019-12-18: "Elgi buys US compressor distributor for Rs 42 cr"

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