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Ingersoll Rand Inc. is an American multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Rand plc (now known as Trane Technologies) and its merger with Gardner Denver. Its products are sold under more than 40 brands across all ...
It was a subsidiary of the Ingersoll Rand Company from 1995 until July 2007, when it was sold for US$4.9 billion to South Korean company Doosan Infracore. [2] The company sells skid steer loaders, compact excavators, side-by-sides, compact tractors, mowers, and other small hydraulic equipment under the Bobcat brand name. It is one of the few ...
In 2007, Ingersoll Rand sold Clark Equipment Company to Doosan International of South Korea. The sale included the Construction Equipment Group of Ingersoll Rand. [ 14 ] In July 2021, Doosan Infracore was acquired by Hyundai Heavy Industries , which paid approximately $722.45 million for a 30%, controlling stake in the company.
In August 2014, it was announced that Ingersoll-Rand would acquire the centrifugal compression unit of Cameron International for $850 million. [10] In October 2018, Ingersoll Rand received takeover interest in its power tools business, which was slated to be worth up to $750 million in a potential sale. Power Tools is the oldest business with ...
On January 1, 1987, Dresser Industries and Ingersoll-Rand merged their common businesses to form Dresser-Rand Group with headquarters in Corning, New York. The newly formed company had 10 manufacturing and testing facilities, 70 sales offices, 30 service centers and more than 7,300 employees.
In 1997, Ingersoll Rand acquired Thermo King from Westinghouse for $2.56 billion in cash, 13 times earnings, [9] and added it to its Climate Control Technologies (later Climate Solutions) businesses, alongside Trane and Hussmann. At the time Thermo King controlled close to half the global market for refrigeration equipment. [9]
Ingersoll Rand Industrial Technologies is a division of Ingersoll Rand.The division manufactures products including air compressors, compressed air treatment and control equipment, turn-key compressed air systems, consumer and commercial tools, pumps and fluid handling systems and material handling and lifting equipment.
[7] [5] A few days later, in April 1995, Clark accepted a higher $1.5 billion ($3.1 billion today) offer from Ingersoll-Rand, who became owners of Blaw-Knox and all other Clark companies. [8] Ingersoll-Rand soon sold the UK design and manufacturing division to Babcock , while keeping the North American operations of Blaw-Knox as a stand-alone ...
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