Ingersoll Rand Inc has acquired Dosatron International for an all-cash upfront purchase price of approximately US$90 million, with additional future consideration of up to US$15 million.
Based in Clearwater, Florida, USA, Dosatron International provides non-electric, water powered dosing pumps and systems in North America, including Ingersoll Rand owned Dosatron technology, for the hydroponics, horticulture, animal health, food safety and sanitation, and water treatment markets.
Dosatron International expands Ingersoll Rand’s digital technology portfolio and brings differentiated digital controls and Industrial Internet of Things (IIoT) solutions for hydroponics, which can be leveraged across the broader Ingersoll Rand portfolio.
Ingersoll Rand acquired the French Dosatron company in 2019 as part of its US$1.45 billion acquisition of Precision Flow Systems.