Ingersoll Rand Inc., a global manufacturer of industrial products, has acquired Albin Pump SAS, a peristaltic pump manufacturer headquartered in France, according to a press release.

The deal was completed with cash on hand, but other financial terms were not disclosed.

Albin is known for producing electric peristaltic pumps, which Ingersoll Rand notes is one of “the fastest growing positive displacement technologies and yield strong aftermarket opportunities,” according to the press release. Ingersoll Rand added the Albin “fits strategically” with its plans to expand its portfolio of fluid management products “drive more sustainability into pump applications.”

Albin will be part of the Precision and Science Technologies segment led by Nick Kendall-Jones.

“The Albin business possesses strong technological expertise in niche applications and end markets, and we are pleased to welcome them to the Ingersoll Rand family. The technologies align well with our current brands and will continue to position Ingersoll Rand for growth as an industry leader in pump and fluid technologies,” Kendall-Jones said in a statement.

Albin employees, including managing director Christian Söderholm, will join Ingersoll Rand as part of the acquisition.

“Ingersoll Rand is the best fit and long-term strategic partner for our business. I look forward to driving continued profitable growth as we integrate Albin within the Precision and Science Technologies portfolio,” Söderholm said.

Shares of Ingersoll Rand (IR) were last trading up 80 cents, or 2.28 percent higher, near $35.86 on Tuesday.