DAVIDSON, N.C. – Ingersoll Rand Inc. (NYSE: IR), a global leader in flow creation and industrial solutions, has announced the acquisition of Lead Fluid, a fluid-handling equipment manufacturer based in China. The deal supports Ingersoll Rand’s ongoing strategy to grow its life sciences capabilities in key regional markets.
Lead Fluid specializes in precision pumps used in life science applications—such as peristaltic, syringe, and gear pumps—that require accurate fluid delivery and sterile conditions. By joining Ingersoll Rand’s Precision and Science Technologies division, Lead Fluid is expected to contribute around $8 million in annual revenue.
Ingersoll Rand, which currently has a market capitalization of $32.7 billion and has generated $7.28 billion in revenue over the past year, continues to show strong financial performance. According to InvestingPro, the company maintains a healthy current ratio of 2.38, indicating solid liquidity and the capacity to support strategic acquisitions like this one.
“Our acquisition of Lead Fluid reflects our ability to partner directly with family-founded businesses and bring exceptional companies into the Ingersoll Rand family,” said Vicente Reynal, Chairman and CEO of Ingersoll Rand. He noted Lead Fluid’s strong brand presence and reputation within China, aligning well with the company’s long-term regional growth plans.
This acquisition supports Ingersoll Rand’s “in-region, for-region” strategy, which focuses on strengthening its presence in local markets while positioning itself in fast-growing, sustainable sectors.
Operating under more than 80 well-known brands, Ingersoll Rand is recognized for delivering reliable products and services designed to perform in demanding environments. The company emphasizes its commitment to making a positive impact on employees, customers, shareholders, and the environment.
While specific financial terms of the Lead Fluid deal were not disclosed, Ingersoll Rand stated that the purchase multiple—based on pre-synergy adjusted EBITDA—falls within the low double-digit range. The company has seen 5.27% revenue growth over the past year. Market analysts have expressed mixed views, but more detailed insights into Ingersoll Rand’s performance and valuation metrics, such as its current P/E ratio of 39.65, are available through InvestingPro’s in-depth research reports.
