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Divestiture Jul 2019 Verified

Ingersoll Rand Separating Industrial Segment to Form Pure-Play Climate Company

Ingersoll Rand is executing a separation of its Industrial segment as part of the transaction with Gardner Denver. The company is also undertaking transformation efforts for its Climate segment to better serve customers and unlock shareholder value.

“The first work stream is focused solely on the separation of our Industrial segment. After years of leveraging across our Industrial and Climate segments, we have tasked the separation team with separating Industrial segment business processes, systems and functions.”

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HVACRefrigeration Sentiment: Positive

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