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Ingersoll Rand Expands Life Sciences Capabilities with Acquisition of Scinomix, Inc.
Globenewswire· 2026-01-05 21:30
Core Viewpoint - Ingersoll Rand Inc. has acquired Scinomix, Inc. to enhance its life sciences portfolio, aiming to provide comprehensive solutions in lab environments [1][3][4] Group 1: Acquisition Details - The acquisition of Scinomix, a company specializing in automation technologies for various lab environments, will allow Ingersoll Rand to integrate existing technologies with Scinomix's offerings [2][3] - Scinomix's expertise includes labeling, handling, barcode scanning, and capping of lab equipment, which will streamline workflows and improve efficiency [2][3] Group 2: Strategic Implications - This acquisition supports Ingersoll Rand's growth strategy by providing scalable opportunities for innovation and market expansion within the life sciences sector [7] - The investment was made at an attractive pre-synergy purchase multiple of approximately 10 times the 2025 Adjusted EBITDA, indicating a strategic financial decision [7] Group 3: Company Vision - Ingersoll Rand aims to expand its portfolio of innovative solutions and enhance customer service through the integration of Scinomix's capabilities [4][7] - The acquisition highlights Ingersoll Rand's ability to identify and cultivate proprietary acquisitions, further strengthening its market position [7]