Swords, Ireland, Jan. 5, 2015 – Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, announced today it has completed the acquisition of the assets of Cameron International Corporation's (NYSE:CAM) Centrifugal Compression division. The transaction was completed on Jan. 1, 2015, for $850 million.

The division provides centrifugal compression equipment and aftermarket parts and services for global industrial, air separation, gas transmission and process gas applications. The former Cameron Centrifugal Compression division generated sales of approximately $400 million in 2013, has approximately 850 employees and operates from 12 global locations. Ingersoll Rand will welcome the Turbo-Air® and MSG® brands into the Ingersoll Rand family of brands.

"Acquiring Cameron's Centrifugal Compression division and its exceptional line of products has provided Ingersoll Rand the opportunity to expand our industrial segment, allowing us to better serve our industry, shareholders and employees," said Michael W. Lamach, chairman and chief executive officer. "We're pleased to expand Ingersoll Rand's compressed air and gas offerings into areas such as air separation, petrochemical, chemical and process gas."

The asset acquisition strengthens Ingersoll Rand's Compressed Air Systems and Services business, which now provides a comprehensive range of centrifugal, reciprocating and rotary air compressor products, systems and services for a wide variety of industrial, manufacturing, air separation, and process gas applications.