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Rand drills cleared New York's treacherous Hell Gate channel and were used in the construction of water aqueducts for New York City and Washington, D.C., as well as tunnels in Haverstraw and West Point, New York, and in Weehawken, New Jersey. In 1905, Ingersoll-Sergeant Drill Company merged with the Rand Drill Company to form Ingersoll Rand.
Ingersoll was born in Stanwich, Connecticut. [2] He was a farmer, and in his spare time an inventor. [2] Based on his percussion drill, in 1871 he founded the Ingersoll Rock Drill Company, a predecessor of today's Ingersoll Rand. [2] [4] Simon Ingersoll later sold his patents and died destitute in 1894. [2]
The company traces its corporate history back more than 150 years and was created after a series of mergers and spin-offs. In 2008, HVAC manufacturer Trane was acquired by Ingersoll Rand, a US industrial tools manufacturer. In 2020, the tools business was spun off as Ingersoll Rand and the remaining company was renamed Trane Technologies.
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.
In 1931 Millers Falls tools purchased the majority of the shares of Goodell-Pratt tools and merged with that manufacturer in 1932. [4] In 1962 the company was acquired by Ingersoll Rand. [5] In 1982, Ingersoll Rand sold the Millers Falls business to the newly created Millers Falls Tool Co. The company was headquartered in Alpha, New Jersey. [6]
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.
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