gardner denver, ingersoll rand

We are enthusiastic that now, as a stronger company, we can deliver more comprehensive solutions and services across the globe.”. The combination would create a business that would have an enterprise value, … The Gardner Denver shareholders would retain 49.9% of the shares of IndustrialCo. Arnold previously served as CEO of Data Intensity, COO at Avid, and CEO and President of Keane, Inc. In addition, as the past President of the University of Missouri System, he will bring invaluable guidance to Ingersoll Rand as it develops and executes on its talent, financial and operational plans. Gardner Denver and Ingersoll Rand Industrial Segment Finalize Merger to Form a Global Leader in Mission-Critical Flow Creation and Industrial Technologies, https://www.businesswire.com/news/home/20200301005059/en/. (704) 655-5324, [email protected], Investor Relations: Gardner Denver Holdings, Inc. completed the merger with the Ingersoll Rand Industrial segment at the end of the day on Saturday, February 29, 2020. The Power Tools and Lifting business unit. Industrial Technologies and Services Gardner Denver Holdings, Inc. completed the merger with the Ingersoll Rand Industrial segment at the end of the day on Saturday, February 29, 2020. The newly combined company, named Ingersoll Rand … Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. This segment will include Ingersoll Rand’s Industrial Precision Flow Systems (PFS) business unit as well as Gardner Denver’s Medical business unit and Gardner Denver’s Specialty Pumps. @/i, failureMessage: "A valid email address is required", negate: "true"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom5 = document.querySelector('#form1783 #field5');var field5 = new LiveValidation(dom5, {validMessage: "", onlyOnBlur: false, wait: 300});field5.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. Gardner Denver CEO Vicente Reynal and executives from both companies will lead IndustrialCo. Existing Gardner Denver shareholders will retain 49.9% of the shares of IndustrialCo on a fully diluted basis. Newly combined company now named “Ingersoll Rand Inc.”. Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is committed to helping make life better. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) unexpected costs, charges or expenses resulting from the transaction; (2) uncertainty of the expected financial performance of the combined company following completion of the transaction; (3) failure to realize the anticipated benefits of the proposed transaction, including as a result of delay in integrating the businesses of Gardner Denver and Ingersoll Rand Industrial; (4) the ability of the combined company to implement its business strategy; (5) difficulties and delays in the combined company achieving revenue and cost synergies; (6) inability of the combined company to retain and hire key personnel; (7) evolving legal, regulatory and tax regimes; (8) changes in general economic and/or industry specific conditions; (9) actions by third parties, including government agencies; (10) adverse impact on our operations and financial performance due to natural disaster, catastrophe, pandemic or other event events outside of our control; and (11) other risk factors detailed from time to time in Ingersoll Rand’s reports filed with the Securities and Exchange Commission (the “SEC”), including Ingersoll Rand’s annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and other documents filed with the SEC, which are available on the SEC’s website at http://www.sec.gov. The IndustrialCo board will be headed by Gardner Denver chairman Peter Stavros and include seven Gardner Denver and three Ingersoll Rand designated directors. It operates through three segments: Industrials, Energy, and Medical. https://www.businesswire.com/news/home/20200301005059/en/, Media: Gardner Denver understands the complex needs and challenges of the surface cleaning industry and offers a unique range of blowers/vacuum pumps known for their excellent performance and low maintenance. Misty Zelent Our employees connect to customers for life by delivering proven expertise, productivity and efficiency improvements. Yes! Ingersoll Rand will operate with a four-segment reporting structure, effective immediately. Gardner Denver combined with Ingersoll Rand Industrial to provide a stronger, broader portfolio of mission-critical industrial, energy, medical and specialty vehicle products and … DAVIDSON, N.C.--(BUSINESS WIRE)-- “Fueled by our employees’ ownership mindset, we operate from a customer-centric culture, as we know they lean on us to help make life better. Ingersoll Rand, plc spun off Ingersoll Rand Industrial. This looks like a win-win for both parties. The market reacted to the Journal report with glee, bidding up shares of Gardner Denver 16% and Ingersoll-Rand 6.5% Monday. I would like to receive Nasdaq communications related to Products, Industry News and Events.You can always change your preferences or unsubscribe and your contact information is covered by our Privacy Policy. With more than 16,000 employees globally, the combined company produces mission-critical flow creation systems, including air compressors, pumps, blowers, the well-known Club Car brand of electric vehicles and systems for fluid management, loading and material handling. Gardner Denver / IR Industrial Filings. Precision and Science Technologies At Ingersoll Rand, we promise to treat your data with respect and will not share your information with any third party. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Three existing members of the Ingersoll Rand Board of Directors join seven existing Gardner Denver directors to form the newly combined Ingersoll Rand Board of Directors. Gardner Denver Holdings, Inc. completed the merger with the Ingersoll Rand Industrial segment at the end of the day on Saturday, February 29, 2020. Vicente Reynal is president and chief executive officer of Ingersoll Rand. No items found for this year. The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Investor Contact. Ingersoll Rand will operate with a four-segment reporting structure, effective immediately. Gardner Denver is nearing a deal to merge with a division of Ingersoll-Rand. If you are looking for an interesting and challenging environment, Ingersoll Rand might be the perfect fit for you. White’s board membership and knowledge related to biotechnology and healthcare delivery systems will benefit the company generally, and specifically with respect to its medical business. Gardner Denver Holdings, Inc. and Ingersoll-Rand plc announced that they have entered into a definitive agreement pursuant to which Ingersoll Rand will separate its Industrial segment by way of a spin-off to Ingersoll Rand’s shareholders and then combine it with Gardner Denver, creating a global leader in mission-critical flow creation and industrial technologies (IndustrialCo). Naturally, there’s excitement all … White’s 13 years as chairman and CEO of advanced-technology life sciences firm Applied Biosystems Inc. and 26 years in various leadership positions at Baxter International, Inc. provides Ingersoll Rand with an expert on innovation as a source of growth. Gardner Denver will tie the knot with the Industrial segment of Ingersoll-Rand. The parent company, Ingersoll Rand, plc also changed its name to Trane Technologies and its ticker symbol from IR to TT. Newly combined company now named “Ingersoll Rand Inc.” Integration efforts … Effective immediately, Ingersoll Rand will operate as four reportable segments: 1. Gardner Denver and Ingersoll Rand will jointly host a conference call today at 8:00 a.m. Eastern Time to discuss the transaction. The deal was set up as a Reverse Morris Trust, which essentially creates a tax-free merger of legacy Ingersoll Rand's industrial segment with industrial manufacturer Gardner Denver. Gardner Denver chairman Peter Stavros will lead the board of IndustrialCo. In April 2019, Gardner Denver and Ingersoll-Rand reached an agreement, by which Ingersoll Rand would separate its Ingersoll Rand Industrial unit by way of a … “Today’s milestone transforms our potential to generate extraordinary long-term value for our employees, customers, shareholders and communities,” said Vicente Reynal, CEO, Ingersoll Rand. 4. Gardner Denver and Ingersoll Rand also announced their respective First Quarter 2019 earnings today and will be hosting separate earnings conference calls, at … As per the terms of the deal, existing Ingersoll Rand shareholders would receive 50.1% of the shares of the new industrial company on a fully diluted basis, valued at approximately $5.8 billion. IndustrialCo’s corporate operations will be located in Davidson, North Carolina. Forsee’s experience as chairman and CEO of Sprint Nextel Corporation will provide the company with insights on markets being driven by technological change. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? ... At Ingersoll Rand, we promise to treat your data with respect and will not share your information with any third party. Industrial Technologies and Services EMEIA will also include Gardner Denver’s EMCO Wheaton Fuel Systems and Runtech businesses. Ingersoll Rand chairman and CEO Michael W. Lamach, along with the current Ingersoll Rand executive team, will lead ClimateCo, which is expected to be renamed according to the release. Pump manufacturer Gardner Denver () - Get Report confirmed Tuesday it will combine its business with part of Ingersoll-Rand () - Get Report, which also makes pumps, to … For more information, visit www.IRCO.com. From reciprocating compressors to large rotary and oil-free air compressors, we have products and services to support your business and help you achieve your goals. The company has over 30 manufacturing facilities located in the Americas, Europe, the Middle East, and Asia Pacific with offices in 35 different countries. She is currently an executive-in-residence for General Catalyst Ventures, where she works with management teams to help drive growth, and is a senior lecturer at the MIT Sloan School of Management. Gardner Denver Holdings (NYSE:GDI) is up 2.1% postmarket after word that it's moving into the S&P 500, a function of its bigger size in a transaction with Ingersoll-Rand (NYSE: IR). © 2021, Nasdaq, Inc. All Rights Reserved. The newly combined company, named Ingersoll Rand Inc. (“Ingersoll Rand”), began trading Monday, March 2, on the New York Stock Exchange under the symbol “IR”. The newly combined company, named Ingersoll Rand Inc. (“Ingersoll Rand”), will begin trading Monday, March 2, on the New York Stock Exchange under the symbol “IR”. Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. This spinoff was then immediately merged into Gardner Denver. IndustrialCo is expected to be called Ingersoll Rand and trade under Ingersoll Rand’s existing ticker (NYSE: IR). Any forward-looking statements speak only as of the date of this news release. (RTTNews) - Gardner Denver Holdings Inc. completed the merger with the Ingersoll Rand Industrial segment. We provide innovative and mission-critical industrial, energy, medical and specialty vehicle products and services across 40+ respected brands designed to excel in even the most complex and harsh conditions where downtime is especially costly. This news release contains “forward-looking statements” as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, including statements regarding the completed transaction between the Ingersoll Rand Industrial segment and Gardner Denver. Her knowledge and experience will be critical to Ingersoll Rand’s talent development initiatives, which are foundational to the company’s long-term strategy. Ingersoll Rand Financial Reporting Segments. These symbols will be available throughout the site during your session. Three existing members of the Ingersoll Rand Board of Directors join seven existing Gardner Denver directors to form the newly combined Ingersoll Rand Board of Directors. They are joining pre-merger Gardner Denver board members Chairperson Peter M. Stavros, Elizabeth Centoni, William P. Donnelly, John Humphrey, Marc E. Jones, Vicente Reynal and Joshua T. Weisenbeck to form the new Ingersoll Rand board. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “on track to” “will continue,” “will likely result,” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. Specialty Vehicle Technologies The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Arnold brings leadership in critical areas such as entrepreneurship, employee engagement and ownership, technology and demand generation. They are Industrial Technologies and Services, Precision and Science Technologies, High Pressure Solutions, and Specialty Vehicle Technologies. Based in Milwaukee, Wisconsin, USA, it operates in three groups: the Industrials Group, Energy Group, and Medical Group. Create your Watchlist to save your favorite quotes on Nasdaq.com. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i

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