# Ingersoll-Rand to merge industrial business with Gardner Denver in $15B deal

Ingersoll-Rand plc agreed to spin off its Industrial business and merge it with Gardner Denver Holdings in a cash-and-stock Reverse Morris Trust deal valued at about $15 billion, announced April 30, 2019.

- Type: Acquisition
- Announced: 2019-04-30
- Where: United States
- Value: $15.0B
- Status: announced
- Products: pumps, compressors, power tools, flow creation equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Ingersoll Rand](https://endata.com/companies/1905.md)
- [Atlas Copco](https://endata.com/companies/505.md) (partner)
- [Gardner Denver](https://endata.com/companies/614.md) (acquirer)
- [Ingersoll Rand](https://endata.com/companies/1905.md) (target)
- [Paul, Weiss](https://endata.com/companies/4966.md) (partner)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1466258/000146625819000134/pressrelease4-30x2019.htm), 2019-04-30: "Ingersoll Rand Industrial company expected to be called Ingersoll Rand and trade under Ingersoll Rand's existing ticker (NYSE: IR)."
- [paulweiss.com](https://www.paulweiss.com/insights/client-news/ingersoll-rand-industrial-business-to-merge-with-gardner-denver-creating-15-billion-company), 2019-04-30: "The complex cash-and-stock deal will create a $15 billion global leader in mission-critical flow creation and industrial technologies."
- [reuters.com](https://www.reuters.com/article/business/ingersoll-rand-to-spin-off-industrial-unit-and-merge-it-with-gardner-denver-idUSKCN1S60YN/), 2019-04-30: "Ingersoll-Rand Plc said on Tuesday it would spin off its industrial business and merge it with industrial pumps and compressors producer Gardner Denver Holdings Inc."
- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/gardner-denver-to-combine-with-ingersolls-industrial-division), 2019-04-30: "Gardner Denver Holdings Inc. has agreed to merge with Ingersoll-Rand Plc's industrial division, creating the second-largest maker of pumps and compressors."
- [reuters.com](https://www.reuters.com/article/idUSKCN1S60ZJ/), 2019-04-30: "creating a company valued at about $15 billion (£11 billion)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.