# Ingersoll Rand merges with Gardner Denver in $15 billion Reverse Morris Trust deal with Trane Technologies

Trane Technologies spun off its industrial business, which combined with Gardner Denver to form the new Ingersoll Rand in a deal valued at $15 billion; the transaction has been completed.

- Type: Acquisition
- Announced: 2020-05-07
- Where: Davidson, North Carolina, United States
- Value: $15.0B
- Status: completed
- Products: pumps, compressors, climate control solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Ingersoll Rand](https://endata.com/companies/1905.md)
- [Trane Technologies](https://endata.com/companies/6465.md)
- [Gardner Denver](https://endata.com/companies/614.md) (partner)

## Sources

- [vanguardlawmag.com](https://www.vanguardlawmag.com/case-studies/david-butow-trane-technologies/), 2020-05-07: "Trane Technologies has freed his employer's industrial business segment, which combined with heavy-duty pumps and compressors producer Gardner Denver Holdings Inc., to create the new Ingersoll Rand in a deal valued at $15 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.