Market commentary Jan 2008 Verified
Ingersoll Rand Identifies $300M in Synergies from Trane Acquisition
Ingersoll Rand anticipates annual pre-tax run rate savings of $300 million by 2010 from the Trane acquisition, driven by supplier rationalization, procurement leverage, global sourcing, and manufacturing efficiency improvements.
“During its analyst call on Dec. 17, Ingersoll Rand stated that it anticipates annual run rate savings of $300 million pre tax by 2010.”
Entities
Ingersoll Rand · Acquirer Trane Inc. · Target
HVAC Sentiment: Positive
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