Ingersoll Rand expands technology into sustainable hydroponically-based agriculture with acquisition of Dosatron International
Vicente Reynal of Ingersoll Rand
Ingersoll Rand Inc, a global provider of mission-critical flow creation and industrial solutions, has acquired Dosatron International L.L.C. and Dilution Solutions L.L.C. (collectively, “Dosatron International”) for an all-cash upfront purchase price of approximately $90 million, with additional future consideration of up to $15 million.
Based in Clearwater, Fla., Dosatron International is a technology solutions provider of water powered dosing pumps and systems in North America, with an established presence in attractive end markets including hydroponics, horticulture, animal health, food safety and sanitation, and water treatment. The company has approximately 45 employees and will join Ingersoll Rand’s Precision and Science Technologies (PST) segment.
Dosatron International is a highly regarded, customer-centric company and a specialist in innovation. It brings differentiated digital controls and Industrial Internet of Things (IIoT) solutions for hydroponics, which can be leveraged across the broader Ingersoll Rand portfolio.
“Our Dosatron brand is a global specialist in energy efficient, water-powered dosing technology that plays at the nexus of clean and sustainable farming. This acquisition will enable us to more closely align our new product development with end user needs,” says Vicente Reynal, chairman and chief executive officer of Ingersoll Rand. “Dosatron International has extremely strong customer relationships in growing end markets like indoor farming and has developed unique IIoT solutions and systems to serve these customers. We see significant opportunity to introduce other Ingersoll Rand product lines including Maximus, Ion Solutions and LMI to these markets and customers.”
“We’re thrilled to combine our efforts with Ingersoll Rand to move the company’s legacy forward. This transaction provided the best combination of benefits for our most important stakeholders, our customers, and our employees,” says Eddy and Lela Kelly, co-founders of Dosatron International.
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