Ingersoll Rand to acquire Everest Group and Airmax Groupe for $86m.

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.