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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.
The company traces its corporate history back more than 150 years and was created after a series of mergers and spin-offs. In 2008, HVAC manufacturer Trane was acquired by Ingersoll Rand, a US industrial tools manufacturer. In 2020, the tools business was spun off as Ingersoll Rand and the remaining company was renamed Trane Technologies.
The company is a subsidiary of Trane Technologies, a company focused on manufacturing HVAC and refrigeration systems. Trane employs more than 29,000 people at 104 manufacturing locations in 28 countries, and has annual sales of more than US$ 8 billion .
The remainder of the company took the name of its heating and air conditioning subsidiary Trane. Ingersoll Rand made an offer to acquire Trane on December 17, 2007 and the sale was completed on June 5, 2008. The parent company has since been renamed Trane Technologies. [6]
In 1905, the company merged with Rand Drill Company, which six years prior had begun manufacturing compressors in Painted Post, New York. The result was the Ingersoll Rand Company. [6] In 2000, Flowserve purchased Ingersoll-Dresser Pumps, a business unit of Ingersoll-Rand, for $775 million, creating the world’s second largest pump company. [7]
Club Car is an American company that manufactures electric and gas-powered golf carts and small utility vehicles for personal and commercial use. It is currently owned by Platinum Equity after being acquired in 2021. [1] Before that, the company was a business unit of the Ingersoll Rand corporation in its Industrial Technologies division. [2]
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.
In 1984 the company acquired the earthmoving and mining product lines from American Standard's WABCO division, [12] for a bargain price of $66.3 million. [13] 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 ...