- Industrial solutions provider Ingersoll Rand ( NYSE: IR ) will acquire Everest Blowers and Everest Blower Systems, or Everest Group, and Airmax Groupe for ~86M in cash.
- The transaction may have additional potential consideration based on achievement of Everest's financial targets.
- The acquisition of Everest Group expands IR's presence in India.
- Airmax strengthens Ingersoll Rand's position in France.
- Both the acquisitions are expected to close in Q4.
- Source: Press Release
For further details see:
Ingersoll Rand to acquire Everest Group, Airmax Groupe for ~86M