Ingersoll-Rand Completes Purchase of Italian Security Company

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

    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.