Ingersoll Rand to Acquire Maximus

June 28, 2021

Ingersoll Rand entered into an agreement to acquire Maximus, a provider of digital controls and Industrial Internet of Things (IIoT) production management systems for the agritech market, for CAD$135.4 million in an all-cash deal. The transaction is expected to close in Q3 following required regulatory approvals, with Maximus to join Ingersoll Rand’s Precision and Science Technologies (PST) segment.

Buyers
Ingersoll Rand Inc.
Targets
Maximus
Sellers
Nizar Barrou
Location
Canada
Transaction Type
Buyout

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