Ingersoll Rand Buys Geith

Staff | September 28, 2010

Ingersoll Rand has signed an agreement to acquire Geith International, an attachments provider for construction equipment, from management shareholders and two venture capital funds managed by Bank of Scotland (Ireland). The acquisition is said to close in the fourth quarter of 2006, and terms were not disclosed.

"Geith represents a key element in our strategy to grow our global attachments business, and augment our base of recurring revenues," said Herbert L. Henkel, chairman, president and CEO of Ingersoll Rand.