Everest Blowers: Markets: Ingersoll Rand in pact to acquire Delhi's Everest Group

Davidson-based industrial group expands in Indian market Ingersoll Rand Inc. (NYSE:IR) has entered into agreements to acquire Delhi's Everest Blowers Private Limited and Everest Blower Systems Private Limited, collectively "Everest Group", and Airmax Groupe of France for a combined all-cash upfront purchase price of approximately US$86 million with additional potential consideration based on achievement of [...]