Published by Todd Bush on September 13, 2022
September 13, 2022 06:30 AM Eastern Daylight Time
DAVIDSON, N.C.--(BUSINESS WIRE)--Ingersoll Rand Inc. (NYSE), a global provider of mission-critical flow creation and industrial solutions, has entered into an agreement to acquire Pedro Gil Construcciones Mecánicas, S.L. ('Pedro Gil') and acquired Westwood Technical Limited ('Westwood Technical') for a combined upfront cash purchase price of approximately $30 million.
>> In Other News: Gencell Launches Off-grid Power Solution to Solve Range Anxiety for Ev Drivers Anytime, Anywhere
Pedro Gil is a leading manufacturer of positive displacement blowers, pumps, and vacuum systems in the Spanish market. Pedro Gil expands Ingersoll Rand's presence in Spain and adds an established brand to its portfolio. Pedro Gil has annual revenue of approximately $15 million and will join the Industrial Technologies and Services segment.
Westwood Technical is a highly experienced control and instrumentation specialist based in the United Kingdom with unique IIoT capabilities. Westwood Technical expands Ingersoll Rand's IIoT offerings with its AircomTM product line. AircomTM is a self-contained, battery-powered communications device utilizing LoRaWAN technology to transmit data from assets in remote and challenging locations for monitoring and control applications, and is highly complementary to Ingersoll Rand's YZ Systems business. Westwood Technical will join Ingersoll Rand's Precision and Science Technologies segment.
'These transactions highlight our funnel generation capabilities and ability to source and execute bolt-on acquisitions that improve the quality of our portfolio,' said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand. 'Pedro Gil is a leader in the Spanish high-performance air blower market and increases our ability to reach and serve customers in this important geography. The AircomTM technology platform can be used with existing Ingersoll Rand products and significantly enhances our IIoT monitoring capabilities with a very cost-effective solution.'
The acquisition of Westwood Technical closed on September 1, 2022, as did the previously announced acquisitions of Holtec and Hydro Prokav. The acquisition of Pedro Gil is expected to be completed during the fourth quarter of 2022.
Ingersoll Rand Inc. (NYSE), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers, and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity, and efficiency. For more information, visit www.IRCO.com.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ⚡ DOE Floats New Cuts To Hundreds Of Clean Energy Grants ⛏️ HyTerra Limited Announces Positive Results From McCoy 1 Well 🍁 As Policy Changed, CarbonCapture Moved Its Pilot Projec...
Inside This Issue 🚢 CF Industries, Trafigura, and Envalior Announce Shipment of Certified Low-Carbon Ammonia 🥤 Skytree Validates DAC System to Generate Pure, Beverage-Grade Liquid CO₂ On-Site 💻 Su...
Inside This Issue 💰 Louisiana's $3.5B Carbon Capture Surge Sets National Decarbonization Blueprint 🌍 UN Climate Summit To Feature First-Ever Carbon Removal Pavilion At COP30 🚛 AtmosClear Selects E...
Facility will bring an estimated $500 million investment to the region WINNIPEG, MB, Oct. 9, 2025 /PRNewswire/ -- Deep Sky, the world's first tech-agnostic carbon removal project developer, has se...
Policy Reversals In The US Will Only Have A Marginal Impact On The Global Energy Transition – Report
08 October 2025, Høvik, Norway – The global shift towards cleaner energy remains robust even though the pace of the energy transition in the United States has slowed sharply due to recent policy re...
Brossard, Quebec, October 9, 2025 – Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) ("CHARBONE" or the "Company"), a company dedicated to building North America’s first clean Ultra...
Vancouver, British Columbia--(Newsfile Corp. - October 9, 2025) - Q Precious & Battery Metals Corp. (CSE: QMET) (OTC Pink: BTKRF) (FSE: 0NB) ("QMET" or the "Company") is pleased to announce tha...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.