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Ingersoll-Rand Plans to Acquire Precision Flow Systems for $1.45 Billion

Tony Owusu

is falling slightly premarket after the company announced that it is planning to buy Precision Flow Systems for $1.45 billion from funds advised by Carlyle Group and BC Parnters Advisors. Precision Flow is a leading provider of fluid management systems, operating in the water, agriculture, food and beverage, pharmaceuticals and process industries. Precision Flow will be folded into Swords, Ireland-based Ingersoll-Rand's Fluid Management business, which designs, manufactures, and markets pumps for specialized fluid handling applications.