Ingersoll Rand - Wikipedia

Ingersoll Rand Inc., is a multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the ... IngersollRand FromWikipedia,thefreeencyclopedia Jumptonavigation Jumptosearch Americanindustrialcompany ThisarticleisabouttheAmericancompanyformedthroughthemergeroftheIndustrialsegmentofIngersoll-RandPlcandGardnerDenverHoldings,Inc.FortheIrish-domiciledcompanyformerlyknownasIngersoll-Randplc,seeTraneTechnologies. IngersollRandInc.TypePublicTradedasNYSE: IRS&P500componentISINUS45687V1061IndustryDiversifiedMachineryFounded1859FounderRobertGardnerHeadquartersDavidson,NorthCarolina,U.S.KeypeopleVicenteReynal(ChairmanandCEO)ProductsCompressor,vacuumandblowersolutions;specializedgasandfluidmanagementsystems;liquidandprecisionpumpsandcompressors;powertoolsandliftingequipmentRevenueUS$5.152Billion(FiscalyearendedDecember31,2021)[1]OperatingincomeUS$565.7Million(FiscalyearendedDecember31,2021)[1]NetincomeUS$565.0Million(FiscalyearendedDecember31,2021)[1]TotalassetsUS$15.154Billion(December31,2021)[1]TotalequityUS$9.071Billion(December31,2021)[1]Numberofemployees16,000[2]DivisionsIndustrialTechnologiesandServicesPrecisionandScienceTechnologiesWebsiteirco.comFootnotes /references[3] IngersollRandInc.,isamultinationalcompanythatprovidesflowcreationandindustrialproducts.ThecompanywasformedinFebruary2020throughthemergeroftheIndustrialsegmentofIngersoll-RandPlc(nowknownasTraneTechnologies)andGardnerDenver(GardnerDenverHoldingsInc).Itsproductsaresoldundermorethan40brandsacrossallmajorglobalmarkets. BasedinDavidson,NorthCarolina,IngersollRandoperatesintwosegments:IndustrialTechnologiesandServicesandPrecisionandScienceTechnologies.[4] Contents 1History 1.1HistoryofIngersollRand 1.2HistoryofGardnerDenver 1.3MergerofIngersollRand'sIndustrialSegmentandGardnerDenver 1.4EmployeeOwnershipInitiatives 2Businesssegments 3References 4Externallinks History[edit] Thissectionisinlistformatbutmayreadbetterasprose.Youcanhelpbyconvertingthissection,ifappropriate.Editinghelpisavailable.(March2019) HistoryofIngersollRand[edit] IngersollRandaircompressor SimonIngersollfoundedIngersollRockDrillCompanyin1871inNewYork,andin1888,itcombinedwithSergeantDrilltoformIngersollSergeantDrillCompany.TheIngersollSergeantDrillCompanyintroducedtheworld'sfirstdirect-connected,electronicmotor-drivencompressor. Alsoin1871,brothersAddisonRandandJasperRand,Jr.establishedRandDrillCompanywithitsmainmanufacturingplantinTarrytown,NewYork.RanddrillsclearedNewYork'streacherousHellGatechannelandwereusedintheconstructionofwateraqueductsforNewYorkCityandWashington,D.C.,andtunnelsinHaverstrawandWestPoint,NewYork,andinWeehawken,NewJersey. In1905Ingersoll-SergeantDrillCompanymergedwiththeRandDrillCompanytoformIngersollRand. HistoryofGardnerDenver[edit] RobertGardnerfoundedtheGardnerGovernorCompanyin1859inQuincy,Illinoisandintroducedthefirsteffectivespeedcontrolsforsteamengines.[5]Thisinnovation,knownastheflyballgovernor,helpedpavethewaytolaterproductionofotherindustrialproductssuchasaircompressors.Bytheturnofthecentury,thecompanysoldmorethan150,000governorsacrosstheUnitedStatesandCanada. TheGardnerGovernorCompanymergedwiththeDenverRockDrillCompanyin1927toformGardner-Denver. GardenerDenvergrewduringtheearlydecadesofthe1900sandtransformedthroughacquisitions.In1943,GardnerDenverwaslistedontheNewYorkStockExchangeforthefirsttime. TheCompanyunderwentseveraltransformationsinthelate1900sandearly2000s.In1979,GardnerDenverwasacquiredbyCooperIndustries,Inc.Cooperspun-offtheGardnerDenverIndustrialMachineryDivisionasanindependentcompanyin1994.GardnerDenver,Inc.tradedontheNewYorkStockExchangeuntilitwasacquiredbyprivateequityfirmKohlbergKravisRoberts&Co.L.P.in2013.GardnerDenverreturnedtopublicownershipin2017throughaninitialpublicoffering. MergerofIngersollRand'sIndustrialSegmentandGardnerDenver[edit] InApril2019,Ingersoll-RandPlcandGardnerDenverHoldings,Inc.jointlyannouncedanagreementthroughwhichIngersollRand'sIndustrialsegmentwouldbespun-offandmergedwithGardnerDenverinaReverseMorrisTrusttransaction.ThemergertransactionwascompletedonFebruary29,2020. EmployeeOwnershipInitiatives[edit] WhenGardnerDenvercompleteditsinitialpublicofferinginMay2017,itgranteddeferredstockunitstosubstantiallyallpermanentemployees.Thegranthadavalueofapproximately$100million. Followingthemergerin2020,thecompanygrantedstockunitsworthapproximately$150milliontosubstantiallyofits16,000globalemployeesthathadnotalreadyreceivedequity-basedincentiveawards.Theamountoftheequitygrant,equaltoapproximately20%ofitsemployee'spay,wasoneofthelargestequitygrantsevergiventoemployeesinanindustrialcompany.[6] Businesssegments[edit] AsofJuly2021,IngersollRandoperateswithtwobusinesssegments. TheIndustrialTechnologiesandServices(ITS)segmentdesigns,manufactures,marketsandservicesabroadrangeofairandgascompression,vacuumandblowerproducts,fluidtransferequipment,loadingsystems,powertoolsandliftingequipment.TheprincipalbrandsincludeIngersollRand,GardnerDenver,CompAir,NashandElmoRietschle. ThePrecisionandScienceTechnologies(PST)segmentdesigns,manufacturesandmarketsspecializedpositivedisplacementpumps,fluidmanagementequipment,liquidandprecisionsyringepumpsandcompressors,andaftermarketparts.PrincipalbrandsincludeMiltonRoy,Haskel,ARO,Thomas,Welch,Dosatron,YZ,SEEPEXandothers. InApril2021,acontrollinginterestinitsHighPressureSolutionssegmentwassoldtoAmericanIndustrialPartnersfor$278million. InJune2021,ClubCar,previouslyIngersollRand'sSpecialtyVehiclesTechnologiessegment,wassoldtoPlatinumEquityAdvisors,LLCfor$1.68billion. References[edit] Thisarticleneedsadditionalcitationsforverification.Pleasehelpimprovethisarticlebyaddingcitationstoreliablesources.Unsourcedmaterialmaybechallengedandremoved.Findsources: "IngersollRand" – news ·newspapers ·books ·scholar ·JSTOR(April2010)(Learnhowandwhentoremovethistemplatemessage) GardnerDenver1859-2009Sesquicentennial,150YearsofIndustrialInnovation,DonningCompanyPublishers,2009 GardnerDenverpressrelease:"KKRCompletesAcquisitionofGardnerDenver"http://www.gardnerdenver.com/company/news___events/ BloombergPressreleasesforGardnerDenver,Inc.https://www.bloomberg.com/topics/companies/GDI:US MSNmoneyarticle"GardnerDenver,Inc.ReportsPreliminaryFirstQuarter2009FinancialResults"http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=MW&date=20090423&id=9833173[permanentdeadlink] GardnerDenverpressrelease;"GardnerDenver,Inc.AnnouncesManufacturingConsolidationProject"http://www.marketwire.com/press-release/Gardner-Denver-Inc-NYSE-GDI-973780.html IngersollRandProducts:https://airvacuum.com.vn/en/ingersoll-rand ^abcde"IngersollRandInc.2021AnnualReportonForm10-K".SEC.gov.31December2021.Retrieved3March2022. ^https://www.sec.gov/Archives/edgar/data/0001699150/000162828022003991/gdi-20211231.htm#i2e7d0098415d4de9b6b534648be7ba23_97[bareURL] ^"IngersollRandInc.(IR)".Yahoo!Finance. ^"IngersollRandInc".U.S.SecuritiesandExchangeCommesion. ^Standard&Poor'sSmallcap600Guide.McGraw-Hill.1999.ISBN 978-0-07-052763-8. ^"TheAmericanBusinessAwards".2021.Retrieved21January2021.{{citeweb}}:CS1maint:url-status(link) Externallinks[edit] Officialwebsite BusinessdataforIngersollRandInc.:GoogleFinanceYahoo!FinanceBloombergReutersSECfilings vteIngersollRandSubsidiaries ClubCar People SimonIngersoll FrederickMcKinleyJones Related TraneTechnologies vtePowertoolmanufacturers Altendorf Bosch Dremel Einhell Emak Emerson Fein Festool Flex-Elektrowerkzeuge Hilti Hitachi Metabo Husqvarna Gardena Jonsered McCulloch Poulan WeedEater IngersollRand ApexToolGroup 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