Gardner Denver and Ingersoll Rand Industrial segment finalise merger
Gardner Denver Holdings, Inc. has completed the merger with the Ingersoll Rand Industrial segment. The newly combined company, named Ingersoll Rand Inc. (Ingersoll Rand), began trading on 2 March on the New York Stock Exchange under the symbol ‘IR’. Vicente Reynal, CEO, Ingersoll Rand, comments that this milestone transforms the company’s potential to generate extraordinary long-term value for its employees, customers, shareholders and communities. “Fuelled by our employees’ ownership mindset, we operate from a customer-centric culture, as we know they lean on us to help make life better,” he says. “We are enthusiastic that now, as a stronger company, we can deliver more comprehensive solutions and services across the globe.” The merger of Gardner Denver and Ingersoll Rand Industrial positions the new Ingersoll Rand as a global leader in missioncritical flow creation and industrial technologies. 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.
Ingersoll Rand financial reporting segments Effective immediately, Ingersoll Rand will operate as four reportable segments:
1. Industrial Technologies and Services 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). Industrial Technologies and Services EMEIA will also include Gardner Denver’s EMCO Wheaton Fuel Systems and Runtech businesses.
In addition, the Industrial Technologies and Services segment will include: A new Pressure and Vacuum Solutions business unit that includes brands and offerings with a significant Engineered-toOrder (ETO) focus, including Nash, Garo, Ingersoll Rand Industrial Multi-stage Gear (MSG) Centrifugal Compressors, Gardner Denver Custom Engineered Products (CEP) and EMCO Wheaton Loading Systems. The Power Tools and Lifting business unit.
2. Precision and Science Technologies 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.
3. High Pressure Solutions High Pressure Solutions will include Gardner Denver’s Petroleum and Industrial Pump business.
4. Specialty Vehicle Technologies This segment will consist of Ingersoll Rand’s Industrial Club Car business.
Ingersoll Rand board of directors Ingersoll Rand has also appointed its three newest board members, Kirk E Arnold, Gary D Forsee and Tony L White. They join 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
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