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Stock impact report

Ingersoll Rand Completes Acquisition of Maximus Solutions

Ingersoll Rand Inc. (IR) 
Last ingersoll rand inc. earnings: 1/29 06:30 am Check Earnings Report
Company Research Source: Business Wire
DAVIDSON, N.C.--(BUSINESS WIRE)--Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, completed the Maximus Solutions acquisition in an all-cash transaction, valued at CAD$135.4 million. Using Ingersoll Rand Execution Excellence (IRX) as the catalyst to drive the transaction to a swift completion, Maximus Solutions will join the Precision and Science Technologies segment.“We are pleased to welcome the Maximus Solutions team to the Ingersoll Rand family. The profile and characteristics of this high quality, high return on capital and highly strategic acquisition are representative of how we are driving our inorganic growth strategy,” said Vicente Reynal, chief executive officer of Ingersoll Rand. “Maximus Solutions has shown strong double digit growth over last five years, is focused on sustainable end markets that tend to grow well above GDP rates and has a strong aftermarket profile including a software as a service (SaaS) r Show less Read more
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