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Market commentary Mar 2008 Verified

Trane and Ingersoll Rand Combination Creates Global Climate Control Leader

The merger of Trane and Ingersoll Rand will form a $17 billion diversified industrial company with $11 billion in climate control technologies revenue, combining commercial and residential HVAC with transport and food retail refrigeration systems.

“The addition of Trane will make Ingersoll Rand a $17 billion diversified industrial company, and $11 billion of that revenue will come from climate control technologies.”

Entities

Ingersoll Rand · Mentioned Trane Inc. · Mentioned
HVACRefrigeration Sentiment: Positive

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.