Ingersoll Rand, a global provider of mission-critical flow creation, life science, and industrial solutions listed on the NYSE under the ticker IR, has acquired Fox s.r.l. and XF s.r.l., significantly expanding its metering and dosing technologies portfolio.
The deal reflects Ingersoll Rand’s continued focus on disciplined, strategic M&A to enhance its capabilities in high-growth, high-margin niches within industrial and life sciences markets. The investment was completed at an attractive high single-digit purchase multiple of 2025 Adjusted EBITDA, aligning with the company’s long-standing capital allocation strategy. Financial terms were not otherwise disclosed.
Headquartered in Milan, Fox has built a strong reputation over more than four decades as a manufacturer of hydropneumatic accumulators, pulsation dampeners, calibration pots, and related instrumentation. These products play a critical role in stabilizing flow and pressure within dosing systems, helping protect downstream equipment, reduce system wear, and improve overall operational efficiency. Fox’s technologies are particularly valuable in complex and precision-driven applications where consistency and reliability are essential, including chemical processing, water treatment, and other industrial environments.
With this acquisition, Fox will become part of Ingersoll Rand’s Precision and Science Technologies segment, a division focused on highly engineered solutions for critical applications. The addition of Fox’s complementary product portfolio strengthens Ingersoll Rand’s ability to offer more integrated and comprehensive dosing system solutions. It also enhances cross-selling opportunities across existing customer channels while supporting innovation in packaged systems that combine multiple technologies into a single, optimized offering.
The inclusion of XF s.r.l. further supports this strategy by contributing engineering expertise and additional capabilities that complement Fox’s product lines. Together, the acquisitions are expected to bolster Ingersoll Rand’s position in the metering and dosing market, enabling the company to better serve customers with end-to-end solutions that address increasingly complex operational requirements.
KEY QUOTE:
“The addition of Fox strengthens our metering and dosing portfolio and enhances our ability to deliver more complete, competitive solutions for customers. Fox brings more than 40 years of expertise and highly complementary dampener and accumulator technologies that expand our capabilities to provide packaged dosing systems and create additional value for our customers and shareholders.”
Vicente Reynal, Chairman and CEO, Ingersoll Rand
