Ingersoll Rand to acquire Roots blower business from Chart Industries for $300M

Ingersoll Rand agreed to buy Howden Roots LLC from Chart Industries for an all-cash price of about $300 million. Roots has about $115 million in revenue, and the deal is expected to close in Q3 2023 pending regulatory approvals.

“has entered into a definitive agreement to acquire Howden Roots LLC (“Roots”) from Chart Industries, Inc.”businesswire.com

• 2 sources
• businesswire.comIngersoll Rand to Acquire Roots from Chart IndustriesJun 12, 2023
• mdm.comIngersoll Rand to Buy Howden Roots Brand for $300M - Modern Distribution ManagementJun 13, 2023

Summarized from public sources; check the original articles before acting on it.