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Industrial Technologies and Services Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) unexpected costs, charges or expenses resulting from the transaction; (2) uncertainty of the expected financial performance of the combined company following completion of the transaction; (3) failure to realize the anticipated benefits of the proposed transaction, including as a result of delay in integrating the businesses of Gardner Denver and Ingersoll Rand Industrial; (4) the ability of the combined company to implement its business strategy; (5) difficulties and delays in the combined company achieving revenue and cost synergies; (6) inability of the combined company to retain and hire key personnel; (7) evolving legal, regulatory and tax regimes; (8) changes in general economic and/or industry specific conditions; (9) actions by third parties, including government agencies; (10) adverse impact on our operations and financial performance due to natural disaster, catastrophe, pandemic or other event events outside of our control; and (11) other risk factors detailed from time to time in Ingersoll Rand’s reports filed with the Securities and Exchange Commission (the “SEC”), including Ingersoll Rand’s annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and other documents filed with the SEC, which are available on the SEC’s website at http://www.sec.gov. Prior to Ingersoll Rand, Vicente served as chief executive officer of Gardner Denver since January 2016 … The two companies made … nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? Download item year list 2020. In April 2019, Gardner Denver and Ingersoll-Rand reached an agreement, by which Ingersoll Rand would separate its Ingersoll Rand Industrial unit by way of a … Enter up to 25 symbols separated by spaces. The newly combined company, named Ingersoll Rand Inc. (“Ingersoll Rand”), will begin trading Monday, March 2, on the New York Stock Exchange under the symbol “IR”. You can sign up for additional alert options at any time. 4. Gardner Denver and Ingersoll Rand Industrial Segment Finalize Merger to Form a Global Leader in Mission-Critical Flow Creation and Industrial Technologies, https://www.businesswire.com/news/home/20200301005059/en/. The transaction is expected to be tax-free to Ingersoll Rand and Gardner Denver’s respective shareholders for U.S. federal income tax purposes. Gardner Denver Holdings, Inc. completed the merger with the Ingersoll Rand Industrial segment at the end of the day on Saturday, February 29, 2020. This segment will include Ingersoll Rand’s Industrial Precision Flow Systems (PFS) business unit as well as Gardner Denver’s Medical business unit and Gardner Denver’s Specialty Pumps. From reciprocating compressors to large rotary and oil-free air compressors, we have products and services to support your business and help you achieve your goals. Ingersoll Rand (formerly Gardner Denver) is a company that provides mission-critical flow control and compression equipment and associated aftermarket parts, consumables, and services. Vicente Reynal is president and chief executive officer of Ingersoll Rand. The newly combined company, named Ingersoll Rand … )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. Ingersoll Rand Customer Centers are the one-stop shop for all your air compressor needs. Gardner Denver Holdings Inc. will become a brand within Ingersoll-Rand and have corporate headquarters in North Carolina under the terms of a now-confirmed merger. This news release contains “forward-looking statements” as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, including statements regarding the completed transaction between the Ingersoll Rand Industrial segment and Gardner Denver. Industrial Technologies and Services EMEIA will also include Gardner Denver’s EMCO Wheaton Fuel Systems and Runtech businesses. At Ingersoll Rand, we promise to treat your data with respect and will not share your information with any third party. Ingersoll Rand Financial Reporting Segments. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Gardner Denver / IR Industrial Filings. The company has over 30 manufacturing facilities located in the Americas, Europe, the Middle East, and Asia Pacific with offices in 35 different countries. White’s board membership and knowledge related to biotechnology and healthcare delivery systems will benefit the company generally, and specifically with respect to its medical business. The parent company, Ingersoll Rand, plc also changed its name to Trane Technologies and its ticker symbol from IR to TT. His extensive management experience will provide the company substantial expertise across all aspects of operational, talent and financial affairs. Three existing members of the Ingersoll Rand Board of Directors join seven existing Gardner Denver directors to form the newly combined Ingersoll Rand Board of Directors. Gardner Denver and Ingersoll Rand also announced their respective First Quarter 2019 earnings today and will be hosting separate earnings conference calls, at … The market reacted to the Journal report with glee, bidding up shares of Gardner Denver 16% and Ingersoll-Rand 6.5% Monday. Gardner Denver chairman Peter Stavros will lead the board of IndustrialCo. Gardner Denver combined with Ingersoll Rand Industrial to provide a stronger, broader portfolio of mission-critical industrial, energy, medical and specialty vehicle products and services. Gardner Denver combined with Ingersoll Rand Industrial to provide a stronger, broader portfolio of mission-critical industrial, energy, medical and specialty vehicle products and … node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, Nasdaq Boardvantage Board Portal Software, Do Not Sell My Personal Information (CA Residents Only). Misty Zelent Based in Milwaukee, Wisconsin, USA, it operates in three groups: the Industrials Group, Energy Group, and Medical Group. Ingersoll Rand will operate with a four-segment reporting structure, effective immediately. (RTTNews) - Gardner Denver Holdings Inc. completed the merger with the Ingersoll Rand Industrial segment. Forsee’s experience as chairman and CEO of Sprint Nextel Corporation will provide the company with insights on markets being driven by technological change. This segment will consist of Ingersoll Rand’s Industrial Club Car business. In an interview with TCBU, Rajesh Ganjoo, Product Management & Sales Enablement Leader – MEIA, Ingersoll Rand said, the merger positions the new Ingersoll Rand as a global leader in mission-critical flow creation and industrial technologies. Arnold previously served as CEO of Data Intensity, COO at Avid, and CEO and President of Keane, Inc. It operates through three segments: Industrials, Energy, and Medical. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. The newly combined company, named Ingersoll Rand Inc. (“Ingersoll Rand”), began trading Monday, March 2, on the New York Stock Exchange under the symbol “IR”. Ingersoll Rand has also appointed its three newest board members, Kirk E. Arnold, Gary D. Forsee and Tony L. White, who will commence their board service effective immediately. They are joining pre-merger Gardner Denver board members Chairperson Peter M. Stavros, Elizabeth Centoni, William P. Donnelly, John Humphrey, Marc E. Jones, Vicente Reynal and Joshua T. Weisenbeck to form the new Ingersoll Rand board. Gardner Denver and Ingersoll Rand will jointly host a conference call today at 8:00 a.m. Eastern Time to discuss the transaction. Ingersoll Rand Industrial segment completed its previously-announced merger with Gardner Denver Holdings. https://www.businesswire.com/news/home/20200301005059/en/, Media: Precision and Science Technologies She is currently an executive-in-residence for General Catalyst Ventures, where she works with management teams to help drive growth, and is a senior lecturer at the MIT Sloan School of Management. Ingersoll Rand, plc spun off Ingersoll Rand Industrial. All statements, other than historical facts, including, but not limited to, statements regarding the expected benefits of the transaction, including future financial and operating results and strategic benefits, the tax consequences of the transaction, and the combined company’s plans, objectives, expectations and intentions, legal, economic and regulatory conditions, and any assumptions underlying any of the foregoing, are forward-looking statements. The combination would create a business that would have an enterprise value, … These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “on track to” “will continue,” “will likely result,” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. Readers are cautioned not to place undue reliance on any of these forward-looking statements. Newly combined company now named “Ingersoll Rand Inc.”. With more than 16,000 employees globally, the combined company produces mission-critical flow creation systems, including air compressors, pumps, blowers, the well-known Club Car brand of electric vehicles and systems for fluid management, loading and material handling. A deal announcing the merger of North Carolina-based pump manufacturer Gardner Denver Holdings (GDI) - Get Report with part of Ingersoll-Rand (IR) - … Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Existing Gardner Denver shareholders will retain 49.9% of the shares of IndustrialCo on a fully diluted basis. For reference, management … Gardner Denver’s CEO, Vicente Reynal, and executives from both companies, will lead IndustrialCo. Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. Gardner Denver understands the complex needs and challenges of the surface cleaning industry and offers a unique range of blowers/vacuum pumps known for their excellent performance and low maintenance. Vikram Kini. Investor Contact. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. We provide innovative and mission-critical industrial, energy, medical and specialty vehicle products and services across 40+ respected brands designed to excel in even the most complex and harsh conditions where downtime is especially costly. Newly combined company now named “Ingersoll Rand Inc.” Integration efforts … Gardner Denver Holdings, Inc. and Ingersoll-Rand plc announced that they have entered into a definitive agreement pursuant to which Ingersoll Rand will separate its Industrial segment by way of a spin-off to Ingersoll Rand’s shareholders and then combine it with Gardner Denver, creating a global leader in mission-critical flow creation and industrial technologies (IndustrialCo). We are enthusiastic that now, as a stronger company, we can deliver more comprehensive solutions and services across the globe.”. High Pressure Solutions will include Gardner Denver’s Petroleum and Industrial Pump business. If you are looking for an interesting and challenging environment, Ingersoll Rand might be the perfect fit for you. As per the terms of the deal, existing Ingersoll Rand shareholders would receive 50.1% of the shares of the new industrial company on a fully diluted basis, valued at approximately $5.8 billion. The Industrial Technologies and Services segment will include a combination of the Ingersoll Rand Industrial Compression Technologies and Services (CTS) business and the Gardner Denver Industrials business, which will be managed through three regional business units, Americas, Asia Pacific and Europe, Middle East, India and Africa (EMEIA). After submitting your request, you will receive an activation email to the requested email address. Ingersoll Rand chairman and CEO Michael W. Lamach, along with the current Ingersoll Rand executive team, will lead ClimateCo, which is expected to be renamed according to the release. IndustrialCo is expected to be called Ingersoll Rand and trade under Ingersoll Rand’s existing ticker (NYSE: IR). Date Download Description. Three existing members of the Ingersoll Rand Board of Directors join seven existing Gardner Denver directors to form the newly combined Ingersoll Rand Board of Directors. (704) 655-5324, [email protected], Investor Relations: Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is committed to helping make life better. @/i, failureMessage: "A valid email address is required", negate: "true"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom5 = document.querySelector('#form1783 #field5');var field5 = new LiveValidation(dom5, {validMessage: "", onlyOnBlur: false, wait: 300});field5.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. No items found for this year. The merger of Gardner Denver and Ingersoll Rand Industrial positions the new Ingersoll Rand as a global leader in mission-critical flow creation and industrial technologies. The merger of Gardner Denver and Ingersoll Rand Industrial positions the new Ingersoll Rand as a global leader in mission-critical flow creation … “Fueled by our employees’ ownership mindset, we operate from a customer-centric culture, as we know they lean on us to help make life better. © 2021, Nasdaq, Inc. All Rights Reserved. Any forward-looking statements speak only as of the date of this news release. Naturally, there’s excitement all … Vikram Kini These forward-looking statements are based on Ingersoll Rand’s current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from these current expectations. DAVIDSON, N.C.--(BUSINESS WIRE)-- By providing your email address below, you are providing consent to Ingersoll Rand to send you the requested Investor Email Alert updates. For more information, visit www.IRCO.com. Gardner Denver is nearing a deal to merge with a division of Ingersoll-Rand. Gardner Denver Holdings agreed to merge with the industrial division of Ingersoll-Rand, a tie-up that would create the world’s second-largest manufacturer of industrial pumps and compressors. 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