Strategic move sees Elgi gain access to significant customer base in the US and strengthen its position as a leading player in the global compressed air compressor market.
17 Dec 2019 | 8793 Views | By Autocar Professional Bureau
Elgi Compressors USA Inc, a subsidiary of the Coimbatore-based Elgi Equipments, the global supplier of compressed air solutions, has announced its acquisition of Michigan Air Solutions, one of the largest independent air compressor distributors in Michigan.
This acquisition is a strategic move by Elgi to expand its presence in ...
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Elgi Compressors USA Inc, a subsidiary of the Coimbatore-based Elgi Equipments, the global supplier of compressed air solutions, has announced its acquisition of Michigan Air Solutions, one of the largest independent air compressor distributors in Michigan.
This acquisition is a strategic move by Elgi to expand its presence in the US and strengthen its position as a leading player in the global compressed air compressor market. With this strategic acquisition, Elgi gains access to a significant customer base and establishes a foundation for further expansion in North America due to Michigan Air Solution’s market leadership.
Michigan Air Solutions was established in 2009 and caters to markets in Michigan’s Lower Peninsula with compressed air expertise, a wide range of products and aftersales support. Its product portfolio encompasses all compressed air needs from compressors, dryers, filtration, piping, vacuum pumps and blowers.
“At Elgi, we focus on being the customer’s preference. World-class products with the lowest life cycle cost (LCC), best-in-class uptime, robust warranty programs and cost leadership achieved through technology and innovation are just some of the factors contributing to our growth and success in the USA, in a short span of five years. Michigan Air Solutions complements Elgi’s global growth strategy, and brings significant market reach and scale, that will add further value to our product offerings and go-to-market plans across the region,” said Dr Jairam Varadaraj, managing director, Elgi Equipments Ltd.
“Elgi’s acquisition of Michigan Air is a continuation of our strategy to invest in select, inorganic opportunities to gain presence in the North American market,” said David Puck, president, ELGi North America. “With Elgi’s robust product portfolio and Michigan Air’s customer centricity, we are confident of building a strong foundation for market growth in the Midwest.”
“On behalf of the Michigan Air team, I am excited for this new journey with Elgi,” said Lisa Lewis, General Manager, Michigan Air Solutions. “We recognise Elgi’s commitment to manufacturing products with best-in-class reliability and ownership cost. Matched to Michigan Air’s proven customer service, we will create a formidable team.”
Coimbatore-based Elgi Equipments is a leading air compressor manufacturer with a broad line of innovative and technologically superior compressed air systems. It has earned worldwide distinction for designing sustainable solutions that help companies achieve their productivity goals with low ownership cost. It has an expansive range of compressed air solutions from oil-lubricated and oil-free rotary screw compressors, oil-lubricated and oil-free reciprocating compressors and centrifugal compressors, to dryers, filters and downstream accessories. The company’s portfolio of over 400 products has found wide application across industries.