Ingersoll Rand acquire Hi-line Industries
UK-based OEM says it will continue to supply market-leading range of compressed-air equipment
HI-LINE Industries, a leading specialist in the design, manufacture, and installation of energy-efficient compressed-air purification equipment, have announced their acquisition by US multinational Ingersoll Rand.
Hi-line have confirmed that there will be no change to their relationships with customers, as they continue to manufacture and supply products with no price increases. Steve Smith will also remain as managing director of the business.
The acquisition, effective from 1 July 2024, marks the start of a new and exciting chapter for Hi-line as a progressive UK OEM. It follows 12 months of intensive negotiations and due diligence.
Now, with the backing of Ingersoll Rand’s financial clout, the Burton upon Trent-based company can grow quickly to become the leading player in compressed air treatment solutions.
Among the benefits of the Ingersoll Rand investment will be the addition of Industry 4.1 IoT capabilities to all Hi-line controllers by the end of 2024. Another change will see Ingersoll Rand companies gain access to Hi-line’s highly popular range of alternative filter elements and their coveted series of Hi-PLEX dual technology dryer skids.
‘What will not change is our outstanding level of customer service,’ said Mr Smith. ‘Headed up by Craig Watson and Oliver Loewenbach, these guys work tirelessly to support our distributors. In fact, we are looking to grow our ACRIB-registered team of service technicians via a new recruitment drive that will deliver even more support for our broad product range.’