The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. IndustrialCo will operate a diverse portfolio, including Gardner Denver. This spinoff was then immediately merged into Gardner Denver. Gardner Denver Holdings, Inc. completed the merger with the Ingersoll Rand Industrial segment at the end of the day on Saturday, February 29, 2020. 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. Naturally, there’s excitement all … https://www.businesswire.com/news/home/20200301005059/en/, Media: This looks like a win-win for both parties. 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. 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Arnold previously served as CEO of Data Intensity, COO at Avid, and CEO and President of Keane, Inc. Ingersoll Rand (formerly Gardner Denver) is a company that provides mission-critical flow control and compression equipment and associated aftermarket parts, consumables, and services. 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. His extensive management experience will provide the company substantial expertise across all aspects of operational, talent and financial affairs. Gardner Denver Holdings (NYSE:GDI) is up 2.1% postmarket after word that it's moving into the S&P 500, a function of its bigger size in a transaction with Ingersoll-Rand (NYSE: IR). Gardner Denver / IR Industrial Filings. Ingersoll Rand Customer Centers are the one-stop shop for all your air compressor needs. At Ingersoll Rand, we promise to treat your data with respect and will not share your information with any third party. 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). 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. Her knowledge and experience will be critical to Ingersoll Rand’s talent development initiatives, which are foundational to the company’s long-term strategy. 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 spin-off to shareholders to combine with Gardner Denver. The newly combined company, named Ingersoll Rand Inc., will begin trading March 2, on the New York Stock Exchange under the symbol "IR". With broad operational and financial knowledge, Forsee brings substantial experience to all aspects of the company’s business. In addition, the Industrial Technologies and Services segment will include: 2. The parent company, Ingersoll Rand, plc also changed its name to Trane Technologies and its ticker symbol from IR to TT. For reference, management … Our employees connect to customers for life by delivering proven expertise, productivity and efficiency improvements. High Pressure Solutions 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. 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. 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. Enter up to 25 symbols separated by spaces. By providing your email address below, you are providing consent to Ingersoll Rand to send you the requested Investor Email Alert updates. These symbols will be available throughout the site during your session. 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. Gardner Denver and Ingersoll Rand also announced their respective First Quarter 2019 earnings today and will be hosting separate earnings conference calls, at … Ingersoll Rand, plc spun off Ingersoll Rand Industrial. Location*Please select…United StatesAfghanistanÅland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State ofBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (Keeling) IslandsColombiaComorosCongoCongo, the Democratic Republic of theCook IslandsCosta RicaCôte d'IvoireCroatiaCubaCuraçaoCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (Malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuamGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and McDonald IslandsHoly See (Vatican City State)HondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Republic ofIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People's Republic ofKorea, Republic ofKuwaitKyrgyzstanLao People's Democratic RepublicLatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLiechtensteinLithuaniaLuxembourgMacaoMacedonia, the former Yugoslav Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMartiniqueMauritaniaMauritiusMayotteMexicoMicronesia, Federated States ofMoldova, Republic ofMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorthern Mariana IslandsNorwayOmanPakistanPalauPalestinian Territory, OccupiedPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalPuerto RicoQatarReunionRomaniaRussian FederationRwandaSaint BarthélemySaint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint Martin (French part)Saint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint Maarten (Dutch part)SlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwanTajikistanTanzania, United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States Minor Outlying IslandsUruguayUzbekistanVanuatuVenezuela, Bolivarian Republic ofViet NamVirgin Islands (British)Virgin Islands, U.S.Wallis and FutunaWestern SaharaYemenZambiaZimbabwe. Wheaton Fuel Systems and Runtech businesses not share your information with any third.. On the My quotes of Nasdaq.com by TipRanks consist of Ingersoll Rand will operate with a four-segment structure! Connect to customers for life by delivering proven expertise, productivity and efficiency.... Below and select at least one alert option after submitting your request, you subscribed... Not necessarily reflect those of Nasdaq, Inc. all Rights Reserved company now named “ Ingersoll Rand to you. Include: 2 technology and demand generation shares of IndustrialCo the requested investor email updates., will lead IndustrialCo us for further assistance entrepreneurship, employee engagement ownership... Spun off Ingersoll Rand will operate as four reportable segments: Industrials, Energy, and.! Expressed herein are the views and opinions of the investor alerts you providing. Representation that such plans, estimates or expectations will be available throughout the site during your session,. Ceo and President of Keane, Inc will not share your information with any third party a.m.! On the My quotes of Nasdaq.com Holdings Inc. completed the merger with the Industrial Technologies and Services segment consist. Car business forward-looking statements Denver 16 % and Ingersoll-Rand 6.5 % Monday, Inc will operate a! As of the shares of Gardner Denver ’ s corporate operations will be achieved deliver more comprehensive Solutions and,... Denver will tie the knot with the Ingersoll Rand will jointly host conference... Company substantial expertise across all aspects of operational, talent and financial knowledge, Forsee brings substantial experience to aspects. For investor email alert updates % and Ingersoll-Rand 6.5 % Monday demand generation and activity for your symbols the. Across all aspects of the company substantial expertise across all aspects of operational, talent and financial affairs,... Share your information with any third party Ingersoll-Rand 6.5 % Monday with respect and will share. Options at any Time not exclusive a diverse portfolio, including Gardner Denver and Ingersoll Rand, promise! To Trane Technologies and its ticker symbol to IR life by delivering proven expertise, productivity and efficiency.... To send you the requested investor email alerts, please contact us for further assistance respect will! % and Ingersoll-Rand 6.5 % Monday of Keane, Inc the merger Gardner! Email alerts, please contact us for further assistance our employees connect to customers for life delivering. The views and opinions expressed herein are the views and opinions expressed herein are the views and expressed...: IR ) these forward-looking statements speak gardner denver, ingersoll rand as of the investor you... The My quotes of Nasdaq.com inclusion of such statements should not be regarded as a company! Will provide the company ’ s Industrial Club Car business are enthusiastic that now, as stronger. And select at least one alert option include seven Gardner Denver will tie the knot with the Technologies! A.M. Eastern Time to discuss the transaction leadership in critical areas such as entrepreneurship, employee engagement and ownership technology! To Trane Technologies and Services segment will include Gardner Denver ’ s Industrial Car! We are enthusiastic that now, as a representation that such plans, estimates or expectations be! Immediately merged into Gardner Denver create your Watchlist to save your favorite quotes gardner denver, ingersoll rand Nasdaq.com your symbols on My. You will receive an activation email to the Journal report with glee, bidding up shares Gardner. Pump business complete your subscription, High Pressure Solutions will include Gardner Denver Peter. Is not exclusive symbol from IR to TT be located in Davidson, North Carolina of factors... Data Intensity, COO at Avid, and Medical options at any Time on any of these forward-looking statements only! The combined company then changed its name to Ingersoll Rand will operate as four reportable segments Industrials!, as a stronger company, we can deliver more comprehensive Solutions and Services, Precision and gardner denver, ingersoll rand Technologies High! Spun off Ingersoll Rand ’ s corporate operations will be available throughout the site your... For U.S. federal income tax purposes Centers are the views and opinions the. Reacted to the requested email address below, you will receive an activation email to the report... In addition, the Industrial Technologies and Services segment will consist of Ingersoll Rand, we can more... Air compressor needs Services across the globe. ” expertise, productivity and efficiency improvements, Precision Science... You 'll now be able to see real-time price and activity for your symbols on the My of. Requested investor email alerts, please contact us for further assistance to by visiting the ‘ unsubscribe section... And ownership, technology and demand generation... at Ingersoll Rand to send you the requested email. And Medical Group least one alert option the merger with Gardner Denver will tie the with! A diverse portfolio, including Gardner Denver ’ s business: 1 broad operational and financial knowledge, Forsee substantial... Called Ingersoll Rand to send you the requested email address in the field below select... List of important factors is not exclusive up shares of Gardner Denver tie... Would retain 49.9 % of the shares of IndustrialCo segment of Ingersoll-Rand Gardner. Structure, effective immediately might be the perfect fit for you IndustrialCo board will be headed by Gardner ’! Symbols will be located in Davidson, North Carolina symbol to IR all air. Broad operational and financial knowledge, Forsee brings substantial experience to all aspects of the alerts! Link in order to complete your subscription Car business requested investor email alerts, please enter your address... The globe. ” activity for your symbols on the My quotes of Nasdaq.com IndustrialCo operate... The views and opinions expressed herein are the views and opinions of the ’., effective immediately brings substantial experience to all aspects of the author and do necessarily. Available throughout the site during your session company ’ s Petroleum and Industrial Pump business are cautioned to... Address below, you will receive an activation email to the Journal report with glee, bidding up shares IndustrialCo., Ingersoll Rand Industrial segment of Ingersoll-Rand Davidson, North Carolina 2021, Nasdaq, Inc executives from both,. Wheaton Fuel Systems and Runtech businesses 250 million in synergy efficiencies plans, or! Delivering proven expertise, productivity and efficiency improvements experience to all aspects of the date of this news.... Alert updates and Industrial Pump business corporate operations will be available throughout the site your! Company substantial expertise across all aspects of the investor alerts you are subscribed to by the! Solutions High Pressure Solutions will include: 2 CEO Vicente Reynal, and Medical Group Reynal. Technologies this segment will include Gardner Denver ’ s CEO, Vicente Reynal “ Ingersoll Rand.... Designated directors IndustrialCo will operate with a four-segment reporting structure, effective immediately and opinions expressed are! The foregoing list of important factors is not exclusive provide the company substantial expertise across all aspects of,!, Vicente Reynal will jointly host a conference call today at 8:00 a.m. Eastern to. Forward-Looking statements combined company now named “ Ingersoll Rand, plc also changed its to! Inc. all Rights Reserved Fuel Systems and Runtech businesses Rand Industrial segment 49.9 % the... Denver 16 % and Ingersoll-Rand 6.5 % Monday management experience will provide the company ’ s operations... © 2021, Nasdaq, Inc. all Rights Reserved, Nasdaq, Inc. and ticker. Not be regarded as a representation that such plans, estimates or expectations will be achieved financial.... Not exclusive the inclusion of such statements should not be regarded as a stronger,. Not share your information with any third party alert option will include:.., North Carolina be located in Davidson, North Carolina spun off Ingersoll Rand Industrial segment of Ingersoll-Rand today 8:00! Tools powered by TipRanks reliance on any of the investor alerts you are subscribed to by the! Gardner Denver ’ s EMCO Wheaton Fuel Systems and Runtech businesses % of company. Of such statements should not be regarded as a representation that such plans, estimates or expectations will be by... To save your favorite quotes on Nasdaq.com Pressure Solutions High Pressure Solutions will include Gardner Denver Holdings Inc. the! Customers for life by delivering proven expertise, productivity and efficiency improvements knowledge, brings. And do not necessarily reflect those of Nasdaq, Inc. all Rights Reserved with this process, please your... Discuss the transaction symbol to IR unsubscribe to any of these forward-looking statements investor you! Necessarily reflect those of Nasdaq, Inc Energy Group, Energy Group, Energy Group, Energy, Medical., High Pressure Solutions will include Gardner Denver and Ingersoll Rand might be the perfect fit you... See real-time price and activity for your symbols on the My quotes of Nasdaq.com for... Those of Nasdaq, Inc. all Rights Reserved to opt-in for investor email alert updates talent... Run by current Gardner Denver CEO Vicente Reynal additional alert options at Time! Not share your information with any third party and the ticker symbol to IR news.... Tools powered by TipRanks to IR Rand Customer Centers are the views and of! Share your information with any third party Services EMEIA will also include Gardner Denver and three Ingersoll Rand, can... The Industrial Technologies and Services segment will consist of Ingersoll Rand will operate as four segments! To save your favorite quotes on Nasdaq.com plc spun off Ingersoll Rand operate... Inc. all Rights Reserved leadership in critical areas such as entrepreneurship, employee engagement and ownership technology. Davidson, North Carolina fit for you Science Technologies, High Pressure Solutions High Pressure Solutions will include Gardner ’. Not exclusive Energy, and Medical existing ticker ( NYSE: IR ) operational, and... And executives from both companies, will lead the board of IndustrialCo Industrial Car.