Ingersoll-Rand Completes Purchase of Italian Security Company

IR buys remaining 70 percent interest in Italy's CISA
Jan. 25, 2005

Ingersoll-Rand Company Limited, a leading diversified industrial firm, today announced that it has completed the acquisition of the remaining 70 percent interest in Italy-based CISA S.p.A. for a purchase price of approximately Euro 200 million in cash, resulting in a total cash purchase price for CISA of approximately Euro 265 million. In addition, the company assumed approximately Euro 200 million of debt as part of the transaction. Ingersoll-Rand had acquired a 30-percent interest in CISA in the first quarter of 2002. On Dec. 20, 2004, the company announced that it had agreed to acquire the remaining interest in CISA.

Sign up for SecurityInfoWatch Newsletters
Get the latest news and updates.

Voice Your Opinion!

To join the conversation, and become an exclusive member of SecurityInfoWatch, create an account today!