Ingersoll-Rand has signed an agreement to acquire Geith International, provider of attachment products for construction equipment, from management shareholders and two venture capital funds managed by the Bank of Scotland. The transaction will be complete by the fourth quarter of this year.
“Geith’s brand reputation, distribution channel and diverse line of attachments complement and extend the established attachments offerings of our construction and compact-equipment businesses,” says Herbert L. Henkel, chairman, president and chief executive officer of Ingersoll-Rand.
