Ingersoll Rand to Spin Off Industrial Businesses and Merge with Gardner Denver

Ingersoll Rand announced a transaction to separate its Industrial businesses via a spinoff to shareholders and combine them with Gardner Denver, while retaining its Climate (HVAC) assets as a pure-play climate company. The deal is structured to be tax-free to Ingersoll Rand shareholders.

“This morning we announced the transaction to separate our Industrial businesses by way of a spinoff to Ingersoll Rand shareholders. And then combining with Gardner Denver to begin a leading global industrial company and to maintain our climate control assets to create a premier pure play climate business.”

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