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Ingersoll Rand (NYSE: IR) has acquired SSI Aeration and its subsidiaries, a global leader in wastewater treatment plant equipment with approximately $30 million in annual revenue. The acquisition was completed at a purchase multiple of approximately 10x 2024E Adjusted EBITDA.
SSI specializes in designing and manufacturing innovative wastewater treatment equipment, including fine bubble diffusers, coarse bubble diffusers, and aeration systems. With manufacturing facilities in the United States, South Korea, and India, SSI will be integrated into Ingersoll Rand's Industrial Technologies and Services segment (IT&S).
The strategic acquisition aims to enhance Ingersoll Rand's capabilities in the wastewater treatment sector by combining their low pressure compressors with SSI's aeration offerings to provide comprehensive end-to-end solutions. This move is expected to accelerate topline growth through increased access to municipal markets.
Ingersoll Rand (NYSE: IR) has acquired SSI Aeraction and its branches, a global leader in the supply of equipment for waste water treatment plants with an annual turnover of about $ 30 million. The acquisition was completed at a purchase multiple of about 10x EBITDA Rectified 2024E.
SSI specializes in the design and production of innovative equipment for the treatment of waste water, including fine bubbles diffusers, large bubbles and ventilation systems. With production plants in the United States, South Korea and India, SSI will be integrated into the industrial technologies and services segment (IT & S) of Ingersoll Rand.
The strategic acquisition aims to enhance the skills of Ingersoll Rand in the wastewater treatment sector by combining their low pressure compressors with the SSI ventilation offers to provide complete end-to-end solutions. This move is expected to accelerate the growth of turnover through greater access to municipal markets.
Ingersoll Rand (NYSE: IR) has acquired SSI Aerion and its subsidiaries, a global leader in equipment for wastewater treatment plants with approximately 30 million dollars in annual income. The acquisition was completed to a purchase multiple of approximately 10x Ebitda adjusted 2024e.
SSI specializes in the design and manufacture of innovative equipment for wastewater treatment, including fine bubble diffusers, thick bubble diffusers and air systems. With manufacturing facilities in the United States, South Korea and India, SSI will be integrated into the Segment of Industrial Technologies and Services (IT & s) of Ingersoll Rand.
The strategic acquisition aims to improve the abilities of INGERSOLL RAND in the wastewater treatment sector combining its low pressure compressors with SSI airing offers to provide comprehensive solutions. This movement is expected to accelerate income growth through greater access to municipal markets.
Insoland (IR) has acquired the global leader SSI auction and its subsidiary of wastewater treatment equipment that generates about $ 30 million annually. The acquisition has been completed by 10 times the EBITDA adjusted in about 2024.
The SSI specializes in designing and manufacturing innovative wastewater treatment equipment, including micro bubble distributors, rough bubbles dispersors and air injection systems. SSI has manufacturing facilities in the United States, Korea and India, and will be integrated into Soland's industrial technology and services (IT & S) sectors.
This strategic acquisition aims to strengthen the capacity of the wastewater treatment field of Soland and to provide a comprehensive solution by combining the low -pressure compressor and the air injection product of the SSI. This is expected to accelerate sales growth by increasing access to the local government market.
Ingersoll Rand (NYSE: IR) has acquired SSI Aeration and its subsidiaries, a world leader in the supply of equipment for wastewater treatment stations, generating around 30 million dollars in annual income. The acquisition was made at a price multiple of approximately 10x Ebitda adjusted 2024th.
SSI specializes in the design and manufacture of innovative equipment for the treatment of wastewater, including fine bubble diffusers, coarse bubble diffusers and ventilation systems. With manufacturing facilities in the United States, South Korea and India, SSI will be integrated into the Technologies and Industrial Services (IT&S) segment of Ingersoll Rand.
The strategic acquisition aims to strengthen Ingersoll Rand capacities in the wastewater treatment sector by combining their low pressure compressors with SSI ventilation offers to provide complete end -to -end solutions. This movement should accelerate the growth of turnover thanks to better access to municipal markets.
Ingersoll border (NYSE: IR) has taken over SSI Aeration and its subsidiaries, a global market leader in the area of equipment for wastewater treatment plants with an annual turnover of approximately $ 30 million. The takeover was completed for a merchant graduate of approx. 10x 2024e adjusted EBITDA.
SSI specializes in the design and the production of innovative wastewater treatment plants, including fine bladder diffusors, rough bladder diffusers and ventilation systems. With production facilities in the USA, South Korea and India, SSI is integrated into Ingersoll Rands Business Unit of Industrial Technologies and Services (IT & S).
The strategic takeover aims to strengthen the skills of Ingersoll border in the area of wastewater treatment by combining the company's low-pressure compressors with the ventilation offers from SSI in order to provide comprehensive end-to-end solutions. This step is expected to accelerate sales growth by improved access to municipal markets.
The acquisition of SSI Aeration marks a strategically sound move for Ingersoll Rand, targeting the high-growth wastewater treatment sector. The 10x 2024E Adjusted EBITDA multiple appears favorable compared to industrial technology sector averages, which typically range from 12-15x, suggesting potential value creation. SSI's $30 million revenue base provides a solid foundation for expansion in the municipal market segment.
The deal's structure reveals three key strategic advantages: First, the integration of SSI's membrane diffuser technology with IR's existing low-pressure compressor portfolio creates a comprehensive solution set, potentially driving higher margins through bundled offerings. Second, SSI's manufacturing presence across the US, South Korea and India provides IR with enhanced supply chain flexibility and regional market access. Third, the focus on energy-efficient solutions aligns perfectly with growing ESG-driven demand in the water treatment sector, which is projected to grow at 6.5% CAGR through 2030.
The acquisition particularly strengthens IR's position in the municipal wastewater treatment market, where long-term contracts and stable revenue streams are common. The combination of technologies could lead to meaningful revenue synergies through cross-selling opportunities and integrated solution offerings. This strategic expansion in sustainable technologies also enhances IR's competitive positioning in the growing environmental solutions market.
This acquisition represents a significant technological advancement for IR in the wastewater treatment sector. SSI's fine bubble diffuser technology is particularly noteworthy as it typically achieves 25-45% higher oxygen transfer efficiency compared to traditional aeration systems, resulting in substantial energy savings for municipal and industrial customers.
The integration of SSI's membrane diffuser technology with IR's compressor systems creates a vertically integrated solution that addresses two critical industry challenges: energy consumption and treatment efficiency. This is particularly relevant as wastewater treatment facilities typically account for 30-40% of municipal energy consumption, making energy efficiency a top priority.
The global push for water conservation and stricter environmental regulations creates a compelling growth narrative. The combined technology portfolio positions IR to capture a larger share of the global wastewater treatment equipment market, particularly in regions facing water stress and stringent environmental regulations. The presence of manufacturing facilities in strategic locations like India, where water treatment infrastructure development is accelerating, provides a strong competitive advantage for market penetration.
DAVIDSON, N.C., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and life science and industrial solutions, has acquired SSI Aeration, Inc. and its subsidiaries (collectively “SSI”) to extend its capabilities in wastewater treatment.
SSI is a global leader in the design and manufacturing of wastewater treatment plant equipment with approximately $30 million in annual revenue. Its product portfolio is focused on innovative and energy-efficient engineered membrane diffusers including fine bubble diffusers, coarse bubble diffusers, and aeration systems. The acquisition will enable Ingersoll Rand to combine several technologies like low pressure compressors with SSI’s aeration offerings to provide a comprehensive, end-to-end solution. With manufacturing facilities in the United States, South Korea, and India, SSI will join the Industrial Technologies and Services segment (IT&S).
“Inorganic growth remains a key part of our company’s overall growth strategy in 2025,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand. “We look at potential acquisitions through the lens of how they will help us optimize our solutions, and we look forward to growing our presence in the wastewater treatment market with the addition of SSI.”
Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to Making Life Better for our employees, customers, shareholders, and planet. Customers lean on us for exceptional performance and durability in mission-critical flow creation and life science and industrial solutions. Supported by over 80+ respected brands, our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity, and efficiency. For more information, visit www.IRCO.com.
Forward-Looking Statements This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to Ingersoll Rand Inc.’s (the “Company” or “Ingersoll Rand”) expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “on track to” “will continue,” “will likely result,” “guidance” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements other than historical facts are forward-looking statements.
These forward-looking statements are based on Ingersoll Rand’s current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from these current expectations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) adverse impact on our operations and financial performance due to natural disaster, catastrophe, global pandemics (including COVID-19), geopolitical tensions, cyber events or other events outside of our control; (2) unexpected costs, charges or expenses resulting from completed and proposed business combinations; (3) uncertainty of the expected financial performance of the Company; (4) failure to realize the anticipated benefits of completed and proposed business combinations; (5) the ability of the Company to implement its business strategy; (6) difficulties and delays in achieving revenue and cost synergies; (7) inability of the Company to retain and hire key personnel; (8) evolving legal, regulatory and tax regimes; (9) changes in general economic and/or industry specific conditions; (10) actions by third parties, including government agencies; and (11) other risk factors detailed in Ingersoll Rand’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), as such factors may be updated from time to time in its periodic filings with the SEC, which are available on the SEC’s website at http://www.sec.gov. The foregoing list of important factors is not exclusive.
Any forward-looking statements speak only as of the date of this release. Ingersoll Rand undertakes no obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
Investor Relations: Matthew.Fort@irco.com
Media: Sara.Hassell@irco.com
What is the revenue of SSI Aeration acquired by Ingersoll Rand (IR)? SSI Aeration generates approximately $30 million in annual revenue.
What is the purchase multiple for Ingersoll Rand's acquisition of SSI? The purchase multiple is approximately 10x 2024E Adjusted EBITDA.
Where are SSI's manufacturing facilities located after the IR acquisition? SSI has manufacturing facilities in the United States, South Korea, and India.
Which Ingersoll Rand segment will SSI Aeration join? SSI will join Ingersoll Rand's Industrial Technologies and Services segment (IT&S).
aquaculture filtration equipment What products does SSI Aeration manufacture for Ingersoll Rand? SSI manufactures wastewater treatment equipment including fine bubble diffusers, coarse bubble diffusers, and aeration systems.