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Ingersoll Rand Acquires Scinomix, Strengthens Life Sciences Portfolio
ZACKS· 2026-01-06 17:25
Core Insights - Ingersoll Rand Inc. has completed the acquisition of Scinomix, a leading automation workflow technology provider, with undisclosed financial terms [1] - Following the acquisition announcement, Ingersoll Rand's shares rose by 3.1%, closing at $82.21 [1] Company Overview - Scinomix, headquartered in Earth City, MO, specializes in advanced technologies for streamlining automation workflows across various industries, including labeling, barcode scanning, and capping lab equipment [2] Acquisition Rationale - The acquisition aligns with Ingersoll Rand's strategy to expand market share and customer base, enhancing its life sciences product portfolio and presence in lucrative markets such as pharmaceuticals, biotechnology, and agriculture [3] - Scinomix will be integrated into Ingersoll Rand's Life Sciences platform under the Precision and Science Technologies segment, which manufactures products for medical and pharmaceutical production [4] Financial Performance - Ingersoll Rand has a market capitalization of approximately $32.7 billion and currently holds a Zacks Rank of 4 (Sell) [5] - The company has experienced a 7.8% decline in share price over the past year, while the industry has grown by 9.6% [6] - The Zacks Consensus Estimate for Ingersoll Rand's earnings for 2025 is $3.29, indicating a decrease of 0.6% from previous estimates [6] Competitive Landscape - Other companies in the same sector with better rankings include DXP Enterprises and Nordson Corporation, both carrying a Zacks Rank of 2 (Buy) [9][10] - DXP Enterprises' earnings estimate for 2025 has increased by 5.9% in the past 60 days, while Nordson's has increased by 2.3% [9][10]