Based in Coimbatore, India, Hydro Prokav has annual revenue of approximately US$6 million, with more than 80% coming from aftermarket parts.
Hydro Prokav will expand Ingersoll Rand’s presence in progressive cavity pumps and serves as a complementary addition to the recent Seepex acquisition to further penetrate the growing market in India and southeast Asia. The company will join Ingersoll-Rand’s Precision and Science Technologies segment.
In addition to Hydro Prokav, Ingersoll Rand is also acquiring US nitrogen generator manufacturer Holtec Gas Systems LLC and Shanghai Hanye Air Purifying Technology Co Ltd, a Chinese OEM supplier of air treatment products, for a combined cash purchase price of approximately US$35 million.