Ingersoll Rand and Gardner Denver Announce Reverse Morris Trust Transaction

Ingersoll Rand plc and Gardner Denver Holdings, Inc. have reached a definitive agreement to combine Ingersoll Rand's Industrial segment with Gardner Denver in a Reverse Morris Trust transaction. The deal will create a new industrial company valued at approximately $15 billion, while the remaining Ingersoll Rand climate business will become a pure-play climate control company.

“Ingersoll Rand and Gardner Denver have reached a definitive agreement to partner on a transformative transaction that we believe will unlock significant value for our employees and our shareholders.”

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.