# Ingersoll Rand to merge industrial unit with Gardner Denver

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 $1.9 billion in cash from the merger financing.

- Type: Acquisition
- Announced: 2019-04-26
- Where: United States
- Value: $1.90B
- Status: announced
- Products: air compressors, pumps, fluid handling systems, materials handling systems, HVAC and refrigeration equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Material Handling](https://endata.com/sectors/material-handling.md), [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Ingersoll Rand](https://endata.com/companies/1905.md)
- [Gardner Denver](https://endata.com/companies/614.md) (partner)

## Sources

- [endata.com](https://endata.com/announcements/3697-ingersoll-rand-to-merge-industrial-unit-into-gardner-denver-focusing-on-trane), 2019-04-26: "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."

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