Atlas Copco Group acquired Compressors Australia Pty Ltd, a distributor of small and medium compressors with 9 employees in Brisbane and Melbourne, joining its Compressor Technique service division. The purchase price was not disclosed.

AxFlow Oceania acquired Thornhill Australia, a plate heat exchanger specialist with over 30 years of expertise and local service capabilities.

Ingersoll Rand acquired Complete Air and Power Solutions (CAPS) of Australia, which provides compressed air and power generation services, as part of a combined roughly $150 million deal for four companies.

Atlas Copco has completed the acquisition of Sykes Group Pty Ltd from Seven Group Holdings, reported on 5 December 2023.

Private equity firm Allegro Funds has agreed terms to take a stake in Questas Group, an Australian provider of hydraulic, irrigation, pump and engine solutions.

ELGi Equipments, an Indian air-compressor manufacturer, has acquired Pulford Air and Gas, an Australian compressed air business with nearly $20 million annual turnover, expanding its product range to 450 kW machines.

Elgi Equipments completed the full acquisition of Australian compressor distributor FR Pulford & Son and its subsidiary Advanced Air Compressors, trading as Pulford Air and Gas, for an upfront cash cost of about A$11.04 million. The deal was announced on 2018-08-01.

Indian air-compressor maker ELGi Equipments completed the 100% acquisition of Sydney-based distributor F.R. Pulford & Son (Pulford Air and Gas) for approximately A$15.05 million, entering the Australian market.