Gardner Denver and Ingersoll Rand Industrial complete merger
Gardner Denver Holdings completed the merger with the Ingersoll Rand Industrial segment.
The newly combined company, named Ingersoll Rand Inc., begins trading March 2 on the New York Stock Exchange under the symbol “IR”.
“Today’s milestone transforms our potential to generate extraordinary long-term value for our employees, customers, shareholders and communities,” said Vicente Reynal, CEO, Ingersoll Rand. “Fueled by our employees’ ownership mindset, we operate from a customer-centric culture, as we know they lean on us to help make life better. We are enthusiastic that now, as a stronger company, we can deliver more comprehensive solutions and services across the globe.”
Effective immediately, Ingersoll Rand will operate as four reportable segments:
1. Industrial Technologies and Services
The Industrial Technologies and Services segment will include a combination of the Ingersoll Rand Industrial Compression Technologies and Services (CTS) business and the Gardner Denver Industrials business, which will be managed through three regional business units, Americas, Asia Pacific and Europe, Middle East, India and Africa (EMEIA). Industrial Technologies and Services EMEIA will also include Gardner Denver’s EMCO Wheaton Fuel Systems and Runtech businesses.
In addition, the Industrial Technologies and Services segment will include:
- A new Pressure and Vacuum Solutions business unit that includes brands and offerings with a significant Engineered-to-Order (ETO) focus, including Nash, Garo, Ingersoll Rand Industrial Multi-stage Gear (MSG) Centrifugal Compressors, Gardner Denver Custom Engineered Products (CEP) and EMCO Wheaton Loading Systems.
- The Power Tools and Lifting business unit.
2. Precision and Science Technologies
This segment will include Ingersoll Rand’s Industrial Precision Flow Systems (PFS) business unit as well as Gardner Denver’s Medical business unit and Gardner Denver’s Specialty Pumps.
3. High Pressure Solutions
High Pressure Solutions will include Gardner Denver’s Petroleum and Industrial Pump business.
4. Specialty Vehicle Technologies
This segment will consist of Ingersoll Rand’s Industrial Club Car business.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
