Market commentary Dec 2007 Verified
Climate Control Industry Consolidation Creates Global Leader
The combination of Ingersoll Rand and Trane creates a climate control giant with $11 billion in revenues, combining leading brands in commercial HVAC, transport refrigeration, and stationary display cases, with unmatched scale and global critical mass.
“Seventeen billion dollars in 2008 revenues with an $11 billion climate control business. This climate control giant will have all of the products and services necessary to deliver solutions across the temperature spectrum for all of the desirable segments of the climate control industry worldwide.”
Entities
Ingersoll Rand · Acquirer Trane Inc. · Target
HVACRefrigeration Sentiment: Positive
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.