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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 40 brands across all ...
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.
The less-profitable needle business, which had been the original basis of the company for 114 years, was forced to be abandoned by Ingersoll-Rand in 1980. In 1980, it was the largest employer in Torrington. [3] In 2003 Torrington was purchased by the Timken Company, nearly doubling its size. [4]
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In 2007, Ingersoll Rand sold Clark Equipment Company to Doosan International of South Korea. The sale included the Construction Equipment Group of Ingersoll Rand. [ 14 ] In July 2021, Doosan Infracore was acquired by Hyundai Heavy Industries , which paid approximately $722.45 million for a 30%, controlling stake in the company.
Ingersoll Equipment Company, Inc.(no connection to Ingersoll Rand) was formed when Jack Ingersoll purchased the garden tractor division from Case Corporation in late 1983. Case garden tractors came into existence in 1965, after the purchase of Colt Garden Tractors/Colt Equipment in late 1964. The motive behind the acquisition was a ...