SPX Flow’s plans to divest its Power and Energy business, Ingersoll-Rand’s acquisition of Precision Flow Systems and Gardner Denver’s combination with Ingersoll Rand’s Industrial business were the most popular articles on the World Pumps website in May.
1. SPX Flow initiates sale of Power and Energy business
SPX Flow Inc announced plans to narrow its strategic focus on process solutions and divest its Power and Energy business.
2. Ingersoll Rand to acquire Accudyne Industries’ Precision Flow Systems
Ingersoll-Rand plc made a binding offer to acquire Precision Flow Systems (PFS) from funds advised by BC Partners Advisors LP and The Carlyle Group in a US$1.45 billion deal.
3. Gardner Denver to combine with Ingersoll Rand’s Industrial business
Ingersoll-Rand plc is to spin off its Industrial segment (Ingersoll Rand Industrial) and combine it with Gardner Denver Holdings Inc, creating an industrial company (IndustrialCo) valued at approximately US$15 billion.
