Announced
Financials
Tags
Majority
Private
India
Friendly
Cross Border
Acquisition
Single Bidder
Electronic Components and Equipment
France
industrial equipment
Pending
Synopsis
Ingersoll Rand, a provider of mission-critical flow creation and industrial solutions, agreed to acquire Everest Group, a blower and vacuum pump solutions provider, and Airmax Groupe, an air specialist, for $86m. “Everest Group is the leading domestic manufacturer of blowers and vacuum systems in India and significantly expands our presence in this key growth market. Additionally, it expands our vacuum product line with opportunities to grow both domestically and globally," Enrique Minarro Viseras, Ingersoll Rand Senior Vice President and General Manager.
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