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-0.000263296471827188 0.000526592943654525 -0.000737230121116305 -0.00142180094786735 -0.00115850447604002 0.000610847814639357 0.00347551342812005 0.00326487625065826
Stock impact report

Ingersoll Rand (IR) to Buy ILC & Boost Life Sciences Unit [Yahoo! Finance]

Ingersoll Rand Inc. (IR) 
Last ingersoll rand inc. earnings: 1/29 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
The buyout includes an earnout related to achieving specific operating efficiency metrics this year. ILC Dover is engaged in designing and manufacturing advanced solutions for the biopharmaceutical, pharmaceutical, aerospace and medical device end markets. The company, which employs more than 2,000 workers, has a solid customer base of 11 engineering and production facilities based in North America, Asia and Europe. Acquisition Rationale The latest buyout is in sync with Ingersoll Rand's policy of acquiring businesses to strengthen its business and expand its market share. The inclusion of ILC Dover's single-use solutions in biopharma and pharma production processes will strongly complement Ingersoll Rand's expertise in liquid handling technologies and positive displacement pumps. This will enable Ingersoll Rand to set up a life sciences platform, which will likely generate revenues of $700 million, thus allowing it to boost its growth in the life sciences market. ILC Dover wi Show less Read more
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