# Ingersoll Rand to acquire Everest Group and Airmax Groupe for about $86 million

Ingersoll Rand agreed to acquire India-based Everest Group and France-based Airmax Groupe for a combined all-cash upfront price of approximately $86 million, plus possible earn-out consideration.

- Type: Acquisition
- Announced: 2022-10-27
- Where: Delhi, India; France, India
- Value: $86.0M
- Status: announced
- Products: blowers, vacuum pumps, vacuum boosters, positive displacement blowers, compressed air aftermarket service
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Ingersoll Rand](https://endata.com/companies/1905.md) (acquirer)
- [Everest Group](https://endata.com/companies/9832.md) (target)
- [Airmax Groupe](https://endata.com/companies/9833.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20221027005130/en/Ingersoll-Rand-to-Acquire-Everest-Group-and-Airmax-Groupe), 2022-10-27: "Ingersoll Rand Inc. (NYSE:IR) has entered into agreements to acquire Everest Blowers Private Limited and Everest Blower Systems Private Limited (collectively, "Everest Group") and Airmax Groupe ("Airmax") for a combined all-cash upfront purchase price of approximately $86 million"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.