# Ingersoll Rand to acquire Holtec Gas Systems nitrogen generator maker

Ingersoll Rand agreed to acquire Holtec Gas Systems, a nitrogen generator manufacturer in Saint Charles, Missouri with about $10 million annual revenue. It is one of three acquisitions announced on 1 August 2022 for a combined cash price of about $35 million.

- Type: Acquisition
- Announced: 2022-08-01
- Where: Saint Charles, Missouri, United States
- Status: announced
- Products: onsite nitrogen generation systems
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Ingersoll Rand](https://endata.com/companies/1905.md) (acquirer)
- [Holtec Gas Systems](https://endata.com/companies/3342.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20220801005149/en/Ingersoll-Rand-Announces-Three-Acquisitions), 2022-08-01: "Holtec is an internationally recognized nitrogen generator manufacturer"
- [worldpumps.com](https://www.worldpumps.com/content/news/ingersoll-rand-to-acquire-indian-progressive-cavity-pump-manufacturer-hydro-prokav), 2022-08-02: "Ingersoll Rand is also acquiring US nitrogen generator manufacturer Holtec Gas Systems LLC and Shanghai Hanye Air Purifying Technology Co Ltd"

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