Ingersoll Rand Acquires MB Air Systems Limited
Date: Jul 03, 2017
· Prosperous business that develops, supplies and services compressed air systems, material handling systems and distributes power tools
· Strengthens Ingersoll Rand market position within Europe
· Allows expansion of sales and service channel, accelerating the customer connectivity drive
Swords, Ireland, July 3, 2017 – Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, announced today it has completed the acquisition of MB Air Systems Limited. The transaction closed on June 30, 2017.
The acquisition strengthens the company’s comprehensive supply and service capabilities with opportunities to increase the footprint in the United Kingdom (UK). MB Air Systems Limited has been Ingersoll Rand’s distributor since 1973 and is one of the company’s largest industrial distributors in Europe representing Ingersoll Rand’s Compression Technologies and Services, Material Handling and Power Tools businesses. It operates from four locations (Aberdeen, Boldon and Fareham) with headquarters in Wishaw, near Glasgow. The company has recently opened a brand new facility in Aberdeen with testing capabilities for winches and hoists.
“The completion of this acquisition strengthens our business within Europe and brings greater customer connectivity through MB Air Systems’ expertise and strong installed base,” said Armando R. Pazos, vice president, Europe, Ingersoll Rand Compression Technologies and Services. “MB Air Systems’ success drives from its employees and their constant focus on customers. Ingersoll Rand is committed to building on the MB Air Systems customer focus, expertise and success to further improve the quality of services we are known for.”
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About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating comfortable, sustainable and efficient environments. Our people and our family of brands— including Club Car®, Ingersoll Rand®, Thermo King® and Trane® —work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; and increase industrial productivity and efficiency. We are a global business committed to a world of sustainable progress and enduring results. For more information, visit www.ingersollrand.com.