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Apr 26, 2019ACQUISITIONUnited States Ingersoll Rand to merge industrial unit into Gardner Denver, focusing on Trane and Thermo King
Ingersoll Rand agreed to merge its air compressor, pumps, and fluid and materials handling business with Gardner Denver, spinning off its industrial business. The climate solutions business will receive $1.9bn in cash from the merger financing.
Productsair compressorspumpsfluid handling systemsmaterials handling systemsHVAC and refrigeration equipment
“The agreement announced today will see Ingersoll Rand's air compressor, pumps, and fluid and materials handling systems business merge with US industrial equipment company Gardner Denver.”coolingpost.com
- 4 sources
- coolingpost.comIR spin off gives focus to Trane and Thermo King - Cooling PostApr 30, 2019
- worldpumps.comIngersoll Rand completes acquisition of Precision Flow Systems - World PumpsMay 16, 2019
- hpmag.co.ukacquisition – Page 2 – Hydraulics & PneumaticsMay 18, 2020
- bwlegalworld.comDeal Closed | Ingersoll-Rand Plc and its Affiliates | Internal Restructuring and Acquisition Advisory - BW Legal WorldNov 3, 2020
Summarized from public sources; check the original articles before acting on it.
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