# Ingersoll Rand to acquire Shanghai Hanye air treatment products maker

Ingersoll Rand agreed to acquire Shanghai Hanye Air Purifying Technology, an OEM supplier of compressed air dryers and filters with about $4 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: Shanghai, China
- Status: announced
- Products: compressed air dryers, air filters
- 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

- [businesswire.com](https://www.businesswire.com/news/home/20220801005149/en/Ingersoll-Rand-Announces-Three-Acquisitions), 2022-08-01: "Based in Shanghai, China, Hanye is an OEM supplier of air treatment products"
- [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, a Chinese OEM supplier of air treatment products"

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