Ingersoll Rand Ltd., Hamilton, Bermuda, has announced the signing of an agreement to acquire Geith International, a provider of attachments for construction equipment.
The acquisition is expected to close in the fourth quarter of 2006. Terms were not disclosed.
Founded in 1950 and based in Slane, Ireland, Geith develops a range of attachments for equipment used in general construction, excavation, demolition and scrap handling industries. In addition to the facility in Slane, Geith operates production, sales and serves facilities in Tredegar, Wales and Petersburg, Va., and a sales office in Pierrelaye, France. For its fiscal year ending March 31, 2006, Geith generated revenues of approximately $54 million. The company has approximately 290 employees.
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