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Ingersoll Rand Inc. Ingersoll Rand Inc. is an American multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Rand plc (now known as Trane Technologies) and its merger with Gardner Denver. Its products are sold under more than ...
Financials as of 31 December 2023. [update] . References: [1] Trane Technologies plc is an American-Irish domiciled company focused on heating, ventilation, and air conditioning (HVAC) and refrigeration systems. The company traces its corporate history back more than 150 years and was created after a series of mergers and spin-offs.
In 1997, Ingersoll Rand acquired Thermo King from Westinghouse for $2.56 billion in cash, 13 times earnings, [9] and added it to its Climate Control Technologies (later Climate Solutions) businesses, alongside Trane and Hussmann. At the time Thermo King controlled close to half the global market for refrigeration equipment. [9]
Ingersoll Machine Tools is a supplier of machine tools, including large five axis milling machines, large 3D Printers, and automated fiber placement (AFP) for the aerospace industry. [5] It has made the wing molds for Mitsubishi, supplier of the wings on the Boeing 787. [6] In 2010, it received Best Supplier Award from Alenia Aeronautica.
In 1905, the company merged with Rand Drill Company, which six years prior had begun manufacturing compressors in Painted Post, New York. The result was the Ingersoll Rand Company. [6] In 2000, Flowserve purchased Ingersoll-Dresser Pumps, a business unit of Ingersoll-Rand, for $775 million, creating the world’s second largest pump company. [7]
Ingersoll Rand Industrial Technologies is a division of Ingersoll Rand.The division manufactures products including air compressors, compressed air treatment and control equipment, turn-key compressed air systems, consumer and commercial tools, pumps and fluid handling systems and material handling and lifting equipment.