The 2020 Mid-Year Economic Update_long

Ingersoll-Rand Industrial and Gardner Denver Have Merged

The newly combined company will be named Ingersoll Rand Inc.

Gardner Denver Holdings, Inc. completed the merger with the Ingersoll Rand Industrial segment.. The newly combined company, named Ingersoll Rand Inc., will begin trading Monday, March 2, on the New York Stock Exchange under the symbol “IR”.

“Today’s milestone transforms our potential to generate extraordinary long-term value for our employees, customers, shareholders and communities,” said Vicente Reynal, CEO, Ingersoll Rand. “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. 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 mission-critical 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.

Effective immediately, Ingersoll Rand will operate as four reportable segments: Industrial Technologies and Services, Precision and Science Technologies, High Pressure Solutions and Specialty Vehicle Technologies 
 

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