Ingersoll Rand, a global provider of mission-critical flow creation and industrial solutions completed the acquisition of Seepex GmbH (Seepex). Ingersoll Rand Execution Excellence (IRX) served as the catalyst to complete the transaction ahead of commitment. Seepex will join the Precision and Science Technologies segment.

“With a shared culture and values, the Seepex team is a natural fit to join the Ingersoll Rand family and we look forward to working together to grow the brand, technologies and expertise in digital platforms as part of our growth strategy,” said Vicente Reynal, chief executive officer of Ingersoll Rand. “Seepex has a demonstrated history of a strong organic growth profile with a high single digit revenue CAGR since 2017 with double digit growth expected in 2021 and a strong aftermarket business model with its installed base. I am excited about the shareholder value Seepex immediately contributes, but also their expertise in digital areas that we can share across our other businesses.”

Seepex is a world-leading manufacturer of progressive cavity pumps, a segment of positive displacement pumps that primarily serves water, wastewater, food and beverage, and chemical end markets. Based in Bottrop, Germany with facilities in North America, Europe and Asia Pacific, Seepex has approximately 800 employees and annual revenue of approximately €160 million.