Ingersoll-Rand Plc (NYSE:IR) acquired Ics Group Holdings Limited on January 18, 2018. ICS Cool Energy will be part of Ingersoll’s Commercial Heating, Ventilation and Air Conditioning (HVAC) business. The Totton firm will continue to trade as ICS. Group chief executive of ICS Cool Energy, Simon West, will remain the business leader. Ics Group Holdings Limited generates annual turnover of £50 million. Clive Hatchard, Darren Miller and James Mines of Spectrum Corporate Finance acted as financial advisor to Ics Group Holdings Limited. Roger Bailey of Moore & Blatch and Greg Leyshon, Caroline Drummond, Louise Stuart-Buddery, Marc Shrimpling, Daniel Barnhouse, William Devenish, David Nisbet, Sebastian Hack, Cristine Brinkman, Cars-Jan van Gool, Peter van der Horst, Kirsten Backhausen and Guusje Cornelissen of Osborne Clarke acted as legal advisors to shareholders of Ics Group. Ingersoll-Rand Plc (NYSE:IR) completed the acquisition of Ics Group Holdings Limited for approximately £140 million January 18, 2018. The purchase price was net of cash acquired and was funded through cash on hand.