Ingersoll-Rand to Spin Off Climate Business as Trane Technologies

Ingersoll-Rand announced that its pure-play climate company will be named Trane Technologies plc and trade under the ticker 'TT' following the completion of its Reverse Morris Trust transaction with Gardner Denver. This represents a major corporate restructuring and divestiture of the industrial segment.

“On December 11, 2019, the Company announced the expected new company name, strategy and executive leadership team of its pure play climate company after the close of the Reverse Morris Trust (“RMT”) transaction with Gardner Denver Holdings, Inc. The climate company is expected to be named Trane Technologies plc and to trade on the New York Stock Exchange under the ticker, “TT.””

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