Ingersoll Rand Acquires Maximus

June 28, 2021

Ingersoll Rand Inc. has agreed to acquire Maximus, a Montreal-based provider of digital controls and IIoT production management systems for the agritech market, in an all-cash transaction valued at CAD$135.4 million. Maximus (approx. 100 employees, ~CAD$40M revenue) will join Ingersoll Rand's Precision and Science Technologies (PST) segment to expand digital capabilities and agritech product offerings; the deal is expected to close in Q3 pending regulatory approvals.

Buyers
Ingersoll Rand Inc.
Targets
Maximus
Sellers
Nizar Barrou, André Spilmann
Location
Quebec, Canada
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.