Ingersoll to buy Cameron unit for $850 million

Published



NEW YORK (AP) — Ingersoll-Rand PLC said Monday that it has agreed to buy the centrifugal compression business from Cameron International Corp. for $850 million, as it looks to grow its compression business.

The business makes equipment and parts that separates air, transmits gas and processes gas. It had revenue of about $400 million last year, the companies said.

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