![]() Principal brands include Milton Roy, Haskel, ARO, Thomas, Welch, Dosatron, YZ, SEEPEX and others. The Precision and Science Technologies (PST) segment designs, manufactures and markets specialized positive displacement pumps, fluid management equipment, liquid and precision syringe pumps and compressors, and aftermarket parts.The principal brands include Ingersoll Rand, Gardner Denver, CompAir, Nash and Elmo Rietschle. The Industrial Technologies and Services (ITS) segment designs, manufactures, markets and services a broad range of air and gas compression, vacuum and blower products, fluid transfer equipment, loading systems, power tools and lifting equipment.Business segments Īs of July 2021, Ingersoll Rand operates with two business segments. The amount of the equity grant, equal to approximately 20% of its employee's pay, was one of the largest equity grants ever given to employees in an industrial company. The grant had a value of approximately $100 million.įollowing the merger in 2020, the company granted stock units worth approximately $150 million to substantially of its 16,000 global employees that had not already received equity-based incentive awards. When Gardner Denver completed its initial public offering in May 2017, it granted deferred stock units to substantially all permanent employees. The merger transaction was completed on February 29, 2020. jointly announced an agreement through which Ingersoll Rand's Industrial segment would be spun-off and merged with Gardner Denver in a Reverse Morris Trust transaction. In April 2019, Ingersoll-Rand Plc and Gardner Denver Holdings, Inc. Merger of Ingersoll Rand's Industrial Segment and Gardner Denver Gardner Denver returned to public ownership in 2017 through an initial public offering. traded on the New York Stock Exchange until it was acquired by private equity firm Kohlberg Kravis Roberts & Co. Cooper spun-off the Gardner Denver Industrial Machinery Division as an independent company in 1994. ![]() In 1979, Gardner Denver was acquired by Cooper Industries, Inc. The Company underwent several transformations in the late 1900s and early 2000s. ![]() In 1943, Gardner Denver was listed on the New York Stock Exchange for the first time. Gardener Denver grew during the early decades of the 1900s and transformed through acquisitions. The Gardner Governor Company merged with the Denver Rock Drill Company in1927 to form Gardner-Denver. By the turn of the century, the company sold more than 150,000 governors across the United States and Canada. This innovation, known as the flyball governor, helped pave the way to later production of other industrial products such as air compressors. Robert Gardner founded the Gardner Governor Company in 1859 in Quincy, Illinois and introduced the first effective speed controls for steam engines. In the 1920s, Ingersoll Rand supplied diesel engines for locomotives built by both General Electric and ALCO. In 1905, Ingersoll-Sergeant Drill Company merged with the Rand Drill Company to form Ingersoll Rand. 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., and tunnels in Haverstraw and West Point, New York, and in Weehawken, New Jersey. established Rand Drill Company with its main manufacturing plant in Tarrytown, New York. ![]() The Ingersoll Sergeant Drill Company introduced the world's first direct-connected, electronic motor-driven compressor.Īlso in 1871, brothers Addison Rand and Jasper Rand, Jr. Simon Ingersoll founded Ingersoll Rock Drill Company in 1871 in New York, and in 1888, it combined with Sergeant Drill to form Ingersoll Sergeant Drill Company. ![]()
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