Ingersoll-Rand Co. Ltd has revealed it has agreed to purchase the privately-owned Officine Meccaniche Industriali srl (OMI), an Italy-based provider of compressed air treatment equipment, for an undisclosed deal.
OMI develops, manufactures and distributes a wide range of compressed-air treatment products, including air dryers, chillers, filters and system controllers, maximising both the productivity and reliability of compressed air systems for a variety of industrial applications.
The transaction is expected close in late September and Herbert L. Henkel, chairman, president and CEo of Ingersoll-Rand, said, “The acquisition of OMI reflects our intention to build upon one of our core business platforms relating to industrial productivity.”
“With its strong distribution channels throughout Europe, Asia and Latin America, OMI advances our leadership as a global provider of innovative and comprehensive compressed-air systems and extends our line of Ingersoll-Rand compressed air products and services,” added Henkel.
Following completion of the deal, OMI will operate as part of the Air Solutions business of Ingersoll-Rand’s Industrial Technologies Sector.