DAVIDSON, NC — Ingersoll Rand Inc., a global provider of flow creation and industrial solutions, has 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. The transaction is expected to close in Q3 upon obtaining the required regulatory approvals. Upon transaction close, Maximus will join the PST segment.
“Smart, connected products, digital capabilities and technology are core to our growth and today’s announcement delivers on our commitment to deploy capital in pursuit of this strategy,” said Vicente Reynal, CEO of Ingersoll Rand.
Montreal-based Maximus brings extensive knowledge in animal health applications and its products can be used in other critical applications of the agritech market, including greenhouse (indoor irrigation) and industrial and rural water treatment markets.
Nizar Barrou and André Spilmann, owners of Maximus, commented, “Improving the global performance of farms and the welfare of animals through technological innovations directly fits with Ingersoll Rand’s strategic imperative to Operate Sustainably. The dedicated people in our company embody Ingersoll Rand’s value of thinking and acting like owners, so it is a natural fit to leverage Dosatron’s market leadership with the Maximus controls and IIoT expertise. We look forward to expanding Maximus into additional PST brands and across the Ingersoll Rand portfolio.”