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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.
Ingersoll Rand completed its all-cash acquisition of the assets of Tuthill Corporation's Pump Group for $85 million. The Pump Group joins Ingersoll Rand's Precision and Science Technologies segment.