Ingersoll Rand to Spin Off Climate Segment into Standalone Public Company

As part of the transaction with Gardner Denver, Ingersoll Rand's Climate segment will be separated into a new, independent publicly traded company. The new Climate company will focus on climate control solutions for buildings, homes, and transportation, with Mike Lamach continuing as its CEO.

“Our Climate segment will become a standalone company focused entirely on climate control solutions for buildings, homes and transportation.”

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