Ingersoll Rand to acquire Cameron's centrifugal compressional division for $850M Ingersoll-Rand (IR) announced it has entered into an agreement to acquire the assets of Cameron (CAM) Centrifugal Compression division for $850M. The acquisition is expected to close before the end of the year, subject to regulatory approval. The division provides centrifugal compression equipment and aftermarket parts and services for global industrial applications, air separation, gas transmission and process gas. Cameronís Centrifugal Compression division generated sales of approximately $400M in 2013, has approximately 850 employees and operates from 12 global locations. Ingersoll Rand plans to fund the acquisition through a combination of cash on hand and debt.