Ingersoll-Rand to acquire Trane Inc. for approximately $10.1 billion

Ingersoll-Rand executed a definitive merger agreement to acquire Trane Inc. (formerly American Standard Companies) for approximately $10.1 billion in cash and stock, creating a global diversified industrial company with an $11 billion Climate Control business. The deal was board-approved and subject to shareholder and regulatory approval.

“Ingersoll-Rand Company Limited announced that it has executed a definitive agreement to acquire Trane Inc., formerly American Standard Companies Inc., in a transaction valued at approximately $10.1 billion, including transaction fees and the assumption of approximately $150 million of Trane net debt.”

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