With this acquisition, Elgi has expanded its presence in the US.
“All Elgi, we focus on being the customer’s preference. 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-marker plan across the region,” said 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 recognize 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 engaged in manufacturing 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.