Ingersoll Rand to Combine Industrial Segment with Gardner Denver, Spin Off Climate Segment

Ingersoll Rand announced a definitive agreement to combine its Industrial segment with Gardner Denver, creating a standalone public company focused on flow creation and industrial technologies. Concurrently, the Climate segment will become a separate standalone public company focused on climate control solutions. The transaction is expected to close in early 2020.

“We have entered into a definitive agreement to combine our Industrial segment with Gardner Denver to create a standalone company that will be a leader in mission-critical flow creation and industrial technologies. Our Climate segment will become a standalone company focused entirely on climate control solutions for buildings, homes and transportation.”

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