Ingersoll Rand buys Dosatron International

Ingersoll Rand Inc has acquired Dosatron International for an all-cash upfront purchase price of approximately US$90 million, with additional future consideration of up to US$15 million.

An organic hydroponics lettuce cultivation farm.
An organic hydroponics lettuce cultivation farm. - Image copyright © ewapee - Adobe Stock.

Based in Clearwater, Florida, USA, Dosatron International provides non-electric, water powered dosing pumps and systems in North America, including Ingersoll Rand owned Dosatron technology, for the hydroponics, horticulture, animal health, food safety and sanitation, and water treatment markets. The company, which has approximately 45 employees, will join Ingersoll Rand’s Precision and Science Technologies (PST) segment.

“Our Dosatron brand is a global leader in energy efficient, water-powered dosing technology that plays at the nexus of clean and sustainable farming. This acquisition will enable us to more closely align our new product development with end user needs,” said Vicente Reynal, chairman and CEO of Ingersoll Rand. “Dosatron International has extremely strong customer relationships in growing end markets like indoor farming and has developed unique IIoT solutions and systems to serve these customers. We see significant opportunity to introduce other Ingersoll Rand product lines including Maximus, Ion Solutions and LMI to these markets and customers.”

Dosatron International expands Ingersoll Rand’s digital technology portfolio and brings differentiated digital controls and Industrial Internet of Things (IIoT) solutions for hydroponics, which can be leveraged across the broader Ingersoll Rand portfolio.

“We’re thrilled to combine our efforts with Ingersoll Rand to move the company’s legacy forward. This transaction provided the best combination of benefits for our most important stakeholders, our customers, and our employees,” said Eddy and Lela Kelly, co-founders of Dosatron International.

Ingersoll Rand acquired the French Dosatron company in 2019 as part of its US$1.45 billion acquisition of Precision Flow Systems.