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Ingersoll Rand (IR) Expands Gas-End Production With €160M TMIC Acquisition

Sheryar Siddiq

Fri, Jul 11, 2025, 10:27 AM 1 min read

Ingersoll Rand Inc. (NYSE:IR) is one of the best industrial machinery stocks to buy according to analysts. On July 1, Ingersoll Rand Inc. (NYSE:IR) committed approximately €160 million to acquire Italian compressor manufacturer Termomeccanica Industrial Compressors S.p.A. (TMIC) and its subsidiary Adicomp S.p.A.

Ingersoll Rand Expands Gas-End Production With €160M TMIC Acquisition

TMIC and Adicomp will join Ingersoll Rand’s Industrial Technologies and Services division. TMIC has more than a century of experience in designing and manufacturing air and gas compressors, while Adicomp offers engineered-to-order solutions for the renewable natural gas sector. The acquisition boosts Ingersoll Rand’s capacity to produce packaging and renewable natural gas gas-ends.

With an anticipated post-synergy multiple in the mid-to-high single digits, the acquisition was undertaken at what the company called an attractive low-double-digit multiple.

Ingersoll Rand Inc. (NYSE:IR) provides essential air, fluid, and energy technology to scientific, industrial, and medical applications across the globe. Precision & Science Technologies and Industrial Technologies & Services are the company’s two primary business divisions.

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