{"id":1643,"date":"2023-06-14T10:57:57","date_gmt":"2023-06-14T10:57:57","guid":{"rendered":"https:\/\/digitone.news\/?p=1643"},"modified":"2023-06-16T06:43:07","modified_gmt":"2023-06-16T06:43:07","slug":"ingtersoll-rand-buy-ecoplant","status":"publish","type":"post","link":"https:\/\/digitone.news\/index.php\/2023\/06\/14\/ingtersoll-rand-buy-ecoplant\/","title":{"rendered":"Ingtersoll Rand Buy Ecoplant"},"content":{"rendered":"\n<p>American equipment giant, Ingersoll Rand, is set to acquire the Israeli firm, Ecoplant, renowned for its technology aimed at reducing air pollution in factories. The transaction, speculated to be between $40-$50 million, showcases a 6-7 fold return on the $8.5 million raised by Ecoplant. The firm&#8217;s investor roster includes Ecolab, Techstars, BGV VC, the Century Club, and Kibbutz Gevim. Additionally, the company has received $3 million in grants from the Innovation Authority and the BIRD Foundation.<\/p>\n\n\n\n<p>As a result of the acquisition, Ingersoll Rand plans to establish a center in Israel, employing up to 100 employees by the end of 2024. Ingersoll Rand, which is traded on the New York Stock Exchange (NYSE), is valued at around $24 billion and employs approximately 17,000 workers. The company sells its products under 40 different brands worldwide.<\/p>\n\n\n\n<p>Founded in 2016 by CEO Aviran Yaakov and his father Moti Yaakov, along with a high-school friend, Yaron Harel, Ecoplant developed a unique platform to reduce wastage of compressed air used in factories. \u201cHalf of the compressed air is wasted due to inefficiency,&#8221; explains Aviran. The platform they created connects to any air compressor and industrial sensors, reads data, conducts analyses, and gives commands to the compressors. &#8220;It&#8217;s essentially the operating system of the compressors and allows for tens of percentage points savings in their operation,&#8221; Aviran elaborates.<\/p>\n\n\n\n<p>Speaking about the acquisition, Aviran notes, &#8220;About a year ago, the buyer approached us and after discussions about cooperation, they offered to purchase us as their core technology.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"541\" height=\"305\" src=\"https:\/\/digitone.news\/wp-content\/uploads\/2023\/06\/HybZ1aBvh_310_287_541_305_0_x-large.jpg\" alt=\"Ecoplant\" class=\"wp-image-1644\" srcset=\"https:\/\/digitone.news\/wp-content\/uploads\/2023\/06\/HybZ1aBvh_310_287_541_305_0_x-large.jpg 541w, https:\/\/digitone.news\/wp-content\/uploads\/2023\/06\/HybZ1aBvh_310_287_541_305_0_x-large-300x169.jpg 300w, https:\/\/digitone.news\/wp-content\/uploads\/2023\/06\/HybZ1aBvh_310_287_541_305_0_x-large-150x85.jpg 150w\" sizes=\"auto, (max-width: 541px) 100vw, 541px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>American equipment giant, Ingersoll Rand, is set to acquire the Israeli firm, Ecoplant, renowned for its technology aimed at reducing air pollution in factories. The transaction, speculated to be between $40-$50 million, showcases a 6-7 fold return on the $8.5 million raised by Ecoplant. The firm&#8217;s investor roster includes Ecolab, Techstars, BGV VC, the Century [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,6],"tags":[],"class_list":{"0":"post-1643","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hightech","8":"category-news"},"_links":{"self":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/comments?post=1643"}],"version-history":[{"count":1,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1643\/revisions"}],"predecessor-version":[{"id":1645,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1643\/revisions\/1645"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/media\/1644"}],"wp:attachment":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/media?parent=1643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/categories?post=1643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/tags?post=1643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}