Ingersoll-Rand (India) has completed the purchase of assets relating to the Centrifugal Compression Division of Cameron Manufacturing (India). The asset purchase transaction has been closed and completed on January 02, 2014 for a consideration of about Rs 1.48 crore.
Consequent to the closing of the transaction the assets relating to the Centrifugal Compression Division of Cameron Manufacturing (India) stands transferred to the company.
Ingersoll-Rand (India) manufactures air compressors of various capacities for the domestic and export markets. The company derives revenue from sale of reciprocating, rotary, and centrifugal compressors and spares in the domestic market, and from exports to parent and group companies.