Ingersoll-Rand to Spin Off Industrial Business

Ingersoll-Rand is separating its Industrial business, including the Precision Flow Systems acquisition, via a spin-off before combining it with Gardner Denver. The remaining Climate segment will become a standalone pure-play climate control company.

“Ingersoll Rand will be separating its Industrial business, including our recent acquisition of Precision Flow Systems by way of a spin-off and then combining with Gardner Denver to create a stronger, more diversified global leader in emission-critical flow creation and industrial technologies.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.