ELGi Compressors USA, Inc., a subsidiary of Elgi Equipments Limited, a global supplier of compressed air solutions, announced its acquisition of Michigan Air Solutions, one of the largest independent air compressor distributors in Michigan on Tuesday.
The company said this acquisition was an important step that ELGI had taken to expand its presence in the US and strengthen its position as a leading player in the global compressed air industry.
“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.
Michigan Air Solutions was established in 2009, and has served the markets in Michigan’s Lower Peninsula. Its product portfolio encompasses all compressed air needs from compressors, dryers, filtration, piping, vacuum pumps, blowers, and more.
Through this acquisition, ELGi is looking to gain access to a significant customer base and establish a stronger foundation for further expansion in North America.
“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.”
