Ingersoll-Rand and Gardner Denver Reach Definitive Merger Agreement

Ingersoll-Rand announced a definitive agreement to separate its Industrial business and combine it with Gardner Denver, creating a new global industrial company. Ingersoll-Rand will retain its Climate segment as a pure-play climate control business and receive $1.9 billion in cash.

“a recent announcement the Ingersoll-Rand and Gardner Denver did reach a definitive agreement to partner on a very transformative transaction that we believe unlocks a lot of value for 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.