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
- Industry
- Industrial Services
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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