Ingersoll-Rand to buy Cameron International unit for $850 mln

Mon Aug 18, 2014 6:38am EDT

Aug 18 (Reuters) - Ingersoll-Rand Plc, a maker of heating and air conditioning systems, said it would buy Cameron International Corp's centrifugal compression unit for $850 million.

The unit makes oil and gas separation equipment, heaters and water processing systems.

Ingersoll-Rand said it plans to fund the acquisition through a combination of cash on hand and debt. (Reporting by Rohit T. K. in Bangalore; Editing by Don Sebastian)