Ingersoll Rand sells majority interest in High Pressure Solutions segment
6 April 2021
Ingersoll Rand will retain a 45% common equity interest in the HPS business.
The company will use the approximately US$300 million proceeds from the sale to support core, sustainability-oriented growth initiatives.
This transaction significantly reduces Ingersoll Rand’s direct exposure to the upstream oil and gas market to non-material revenue exposure of less than 2% of total expected 2021 revenue.
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