# Ingersoll Rand to acquire Seepex GmbH for €431.5 million

Ingersoll Rand agreed to acquire German progressive cavity pump maker Seepex GmbH in an all-cash deal valued at €431.5 million, expected to close in Q3 2021 pending regulatory approvals. Announced June 21, 2021.

- Type: Acquisition
- Announced: 2021-06-21
- Where: Bottrop, Germany
- Value: $513.6M (431.5M EUR)
- Status: announced
- Products: progressive cavity pumps
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [SPX FLOW](https://endata.com/companies/852.md) (target)
- [SEEPEX](https://endata.com/companies/1617.md) (target)
- [Ingersoll Rand](https://endata.com/companies/1905.md) (acquirer)

## Sources

- [investors.irco.com](https://investors.irco.com/news/news-details/2021/Ingersoll-Rand-to-Acquire-Seepex-GmbH-into-Precision-and-Science-Technologies-Segment/default.aspx), 2021-06-21: "The all-cash transaction, valued at €431.5 million, is expected to close during Q3 upon obtaining required regulatory approvals."
- [konstruktion-industrie.com](https://konstruktion-industrie.com/news/42788-seepex-bereitet-sich-auf-wachstumsschub-vor), 2021-06-30: "Wir freuen uns, das Seepex-Team in der Ingersoll Rand-Familie willkommen zu heißen."
- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/news/spx-flow-rebuffs-ingersoll-rand-acquisition-offer-sources/), 2021-07-19: "The most recent offer was in the low $80s per share and was dismissed by SPX Flow as inadequate, the sources said."
- [invt.com](https://www.invt.com/news/ingersoll-rand-acquire-seepex-gmbh-104), 2021-07-22: "This deal will help Ingersoll-Rand to accelerate the pace of its growth plans, resulting in increased digital capabilities, aftermarket growth, technology complementation, and innovation."

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