# Ingersoll Rand to acquire SPX FLOW's Air Treatment business for $525M

Ingersoll Rand agreed to acquire SPX FLOW's Air Treatment business, a maker of compressed air dryers and filtration systems, for about $525 million. The business had expected 2022 revenue of about $180 million.

- Type: Acquisition
- Announced: 2022-10-06
- Where: Delhi, India
- Value: $525.0M
- Status: announced
- Products: compressed air dryers, compressed air filters, purifiers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [SPX FLOW](https://endata.com/companies/852.md) (target)
- [Ingersoll Rand](https://endata.com/companies/1905.md) (acquirer)
- [Everest Group](https://endata.com/companies/9832.md) (target)

## Sources

- [investors.irco.com](https://investors.irco.com/news/news-details/2022/Ingersoll-Rand-to-Acquire-SPX-FLOWs-Air-Treatment-Business/default.aspx), 2022-10-06: "Ingersoll Rand to Acquire SPX FLOW's Air Treatment Business"
- [advfn.com](https://www.advfn.com/stock-market/NYSE/IR/stock-news/89395608/ingersoll-rand-to-acquire-everest-group-and-airmax), 2022-10-27: "Everest Group is the leading domestic manufacturer of blowers and vacuum systems in India and significantly expands our presence in this key growth market."
- [hpmag.co.uk](https://hpmag.co.uk/ingersoll-rand-to-buy-spx-flows-air-treatment-business/), 2022-11-01: "Ingersoll Rand Inc, a global provider of mission-critical flow creation and industrial solutions, has entered into an agreement to acquire SPX Flow's Air Treatment business for approximately US$525 million."

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