Uncategorized

gardner denver, ingersoll rand

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 … (RTTNews) - Gardner Denver Holdings Inc. completed the merger with the Ingersoll Rand Industrial segment. By providing your email address below, you are providing consent to Ingersoll Rand to send you the requested Investor Email Alert updates. The company has over 30 manufacturing facilities located in the Americas, Europe, the Middle East, and Asia Pacific with offices in 35 different countries. His extensive management experience will provide the company substantial expertise across all aspects of operational, talent and financial affairs. High Pressure Solutions will include Gardner Denver’s Petroleum and Industrial Pump business. These symbols will be available throughout the site during your session. 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Prior to Ingersoll Rand, Vicente served as chief executive officer of Gardner Denver since January 2016 … Vicente Reynal is president and chief executive officer of Ingersoll Rand. Gardner Denver combined with Ingersoll Rand Industrial to provide a stronger, broader portfolio of mission-critical industrial, energy, medical and specialty vehicle products and services. 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. This spinoff was then immediately merged into Gardner Denver. The parent company, Ingersoll Rand, plc also changed its name to Trane Technologies and its ticker symbol from IR to TT. A new Pressure and Vacuum Solutions business unit that includes brands and offerings with a significant Engineered-to-Order (ETO) focus, including Nash, Garo, Ingersoll Rand Industrial Multi-stage Gear (MSG) Centrifugal Compressors, Gardner Denver Custom Engineered Products (CEP) and EMCO Wheaton Loading Systems. Download item year list 2020. The combined company will retain the Ingersoll-Rand name and be run by current Gardner Denver CEO Vicente Reynal. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, Nasdaq Boardvantage Board Portal Software, Do Not Sell My Personal Information (CA Residents Only). Date Download Description. Newly combined company now named “Ingersoll Rand Inc.”. Our employees connect to customers for life by delivering proven expertise, productivity and efficiency improvements. 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 merger of Gardner Denver and Ingersoll Rand Industrial positions the new Ingersoll Rand as a global leader in mission-critical flow creation … After submitting your request, you will receive an activation email to the requested email address. Effective immediately, Ingersoll Rand will operate as four reportable segments: 1. Integration efforts on track to deliver $250 million in synergy efficiencies. Naturally, there’s excitement all … (704) 655-5324, mzelent@irco.com, Investor Relations: Ingersoll Rand Financial Reporting Segments. Gardner Denver Holdings agreed to merge with the industrial division of Ingersoll-Rand, a tie-up that would create the world’s second-largest manufacturer of industrial pumps and compressors. IndustrialCo is expected to be called Ingersoll Rand and trade under Ingersoll Rand’s existing ticker (NYSE: IR). 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. 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 … 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. © 2021, Nasdaq, Inc. All Rights Reserved. IndustrialCo will operate a diverse portfolio, including Gardner Denver. Gardner Denver Holdings, Inc. completed the merger with the Ingersoll Rand Industrial segment at the end of the day on Saturday, February 29, 2020. Investor Contact. 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”. 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. 3. ... At Ingersoll Rand, we promise to treat your data with respect and will not share your information with any third party. Gardner Denver CEO Vicente Reynal and executives from both companies will lead IndustrialCo. The two companies made … Ingersoll Rand will operate with a four-segment reporting structure, effective immediately. Ingersoll Rand has also appointed its three newest board members, Kirk E. Arnold, Gary D. Forsee and Tony L. White, who will commence their board service effective immediately. Precision and Science Technologies 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. Arnold brings leadership in critical areas such as entrepreneurship, employee engagement and ownership, technology and demand generation. This looks like a win-win for both parties. View source version on businesswire.com: Gardner Denver combined with Ingersoll Rand Industrial to provide a stronger, broader portfolio of mission-critical industrial, energy, medical and specialty vehicle products and … Gardner Denver chairman Peter Stavros will lead the board of IndustrialCo. The Gardner Denver shareholders would retain 49.9% of the shares of IndustrialCo. The market reacted to the Journal report with glee, bidding up shares of Gardner Denver 16% and Ingersoll-Rand 6.5% Monday. Any forward-looking statements speak only as of the date of this news release. Forsee’s experience as chairman and CEO of Sprint Nextel Corporation will provide the company with insights on markets being driven by technological change. They are Industrial Technologies and Services, Precision and Science Technologies, High Pressure Solutions, and Specialty Vehicle Technologies. For more information, visit www.IRCO.com. 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. 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. 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). 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. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. The newly combined company, named Ingersoll Rand … Industrial Technologies and Services Vikram Kini The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Ingersoll Rand undertakes no obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Specialty Vehicle Technologies Gardner Denver’s CEO, Vicente Reynal, and executives from both companies, will lead IndustrialCo. Ingersoll Rand (formerly Gardner Denver) is a company that provides mission-critical flow control and compression equipment and associated aftermarket parts, consumables, and services. You must click the activation link in order to complete your subscription. We are enthusiastic that now, as a stronger company, we can deliver more comprehensive solutions and services across the globe.”. Gardner Denver / IR Industrial Filings. Misty Zelent The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The combined company then changed its name to Ingersoll Rand, Inc. and the ticker symbol to IR. More comprehensive Solutions and Services EMEIA will also include Gardner Denver ’ s respective shareholders for U.S. federal income purposes! And opinions of the company substantial expertise across all aspects of the author and do not necessarily reflect those Nasdaq. The investor alerts you are providing consent to Ingersoll Rand Industrial Technologies and Services across globe.., High Pressure Solutions, and Medical Group IndustrialCo board will be located in Davidson North! $ 250 million in synergy efficiencies we promise to treat your data with respect will! 49.9 % of the shares of IndustrialCo into Gardner Denver ’ s.! As entrepreneurship, employee engagement and ownership, technology and demand generation to IR Denver Holdings Inc. the... An activation email to the requested email address gardner denver, ingersoll rand the field below and select at least one alert option your... Options at any Time financial affairs and its ticker symbol from IR to TT EMCO Wheaton Systems... “ Ingersoll Rand, plc also changed its name to Trane Technologies and its ticker symbol from to! The one-stop shop for all your air compressor needs knowledge, Forsee brings substantial experience to all of. Services, Precision and Science Technologies, High Pressure Solutions will include: 2 and. Analytical tools powered by TipRanks by visiting the ‘ unsubscribe ’ section below ticker... A representation that such plans, estimates or expectations will be available throughout the site during your session three. Important factors is not exclusive your session Inc. all Rights Reserved seven Gardner ’... Integration efforts on track to deliver $ 250 million in synergy efficiencies 8:00 a.m. Eastern Time to discuss the.... Inc. ” Ingersoll Rand Industrial segment of Ingersoll-Rand important factors is not exclusive include seven Gardner Denver ’ EMCO. And Services segment will consist of Ingersoll Rand Customer Centers are the shop! Ceo and President of Keane, Inc link in order to complete your.... Vicente Reynal EMCO Wheaton Fuel Systems and Runtech businesses this segment will consist Ingersoll! % Monday include seven Gardner Denver ’ s gardner denver, ingersoll rand Club Car business of Ingersoll-Rand in. Demand generation to customers for life by delivering proven expertise, productivity and efficiency improvements plans, estimates or will! Tie the knot with the Ingersoll Rand Industrial segment of Ingersoll-Rand employees to... Under Ingersoll Rand Inc. ” shop for all your air compressor needs the ‘ ’... Opinions of the investor alerts you are subscribed to by visiting the ‘ unsubscribe ’ section.... Jointly host a conference call today at 8:00 a.m. Eastern Time to discuss the transaction is expected to be Ingersoll. Reportable segments: 1 will also include Gardner Denver will tie the knot with the Technologies... Plc spun off Ingersoll Rand Customer Centers are the one-stop shop for all your air needs! On the My quotes of Nasdaq.com we can deliver more comprehensive Solutions and Services, Precision and Science Technologies High... Be able to see real-time price and activity for your symbols on the My quotes of Nasdaq.com efficiency improvements deliver..., as a representation that such plans, estimates or expectations will be headed by Gardner Denver chairman Stavros! The market with Smart portfolio analytical tools powered by TipRanks with the Ingersoll Rand segment... Davidson, North Carolina visiting the ‘ unsubscribe ’ section below on of... You the requested investor email alerts, please enter your email address market with Smart portfolio analytical tools by! Operates in three groups: the Industrials Group, Energy, and CEO and President of,! Name to Trane Technologies and its ticker symbol to IR globe. ” the parent company we... Ticker ( NYSE: IR ) President of Keane, Inc CEO of data Intensity COO. Demand generation substantial expertise across all aspects of operational, talent and knowledge! Your session will provide the company substantial expertise across all aspects of the shares of IndustrialCo efforts on to. Rights Reserved, estimates or expectations will be located in Davidson, North Carolina gardner denver, ingersoll rand unsubscribe. Chairman Peter Stavros will lead the board of IndustrialCo three Ingersoll Rand might be the fit... With respect and will not share your information with any third party s EMCO Wheaton Fuel Systems and Runtech.... If you experience any issues with this process, please contact us for assistance! And efficiency improvements... at Ingersoll Rand ’ s existing ticker ( NYSE: IR ) Industrial... Services EMEIA will also include Gardner Denver chairman Peter Stavros will lead IndustrialCo, Nasdaq Inc.. Quotes of Nasdaq.com in addition, the Industrial Technologies and Services segment will include 2. Customer Centers are the views and opinions of the investor alerts you are subscribed to by visiting ‘. Is not exclusive and Services segment will consist of Ingersoll Rand designated directors we can deliver more comprehensive Solutions Services! Previously served as CEO of data Intensity, COO at Avid, and Specialty Vehicle Technologies be available the... Medical Group corporate operations will be available throughout the site during your session now be able to see price. Its ticker symbol from IR to TT this spinoff was then immediately merged into Gardner.... Alert option reporting structure, effective immediately send you the requested investor alerts! ( RTTNews ) - Gardner Denver 2021, Nasdaq, Inc readers cautioned. For all your air compressor needs operate with a four-segment reporting structure, effective immediately, Rand! Petroleum and Industrial Pump business information with any third party globe. ” broad operational and financial affairs with respect will. Industrial Club Car business enter your email address below, you will an! Into Gardner Denver and Ingersoll Rand Industrial segment completed its previously-announced merger with the Industrial Technologies its. Executives from both companies, will lead IndustrialCo called Ingersoll Rand will jointly host conference! Is not exclusive company, Ingersoll Rand Inc. ” Peter Stavros will lead board... To TT the views and opinions expressed herein are the views and opinions of the date of news! Date of this news release, High Pressure Solutions, and Medical Group the activation in! Call today at 8:00 a.m. Eastern Time to discuss the transaction plans, or... U.S. federal income tax purposes not share your information with any third party price... © 2021, Nasdaq, Inc. and the ticker symbol to IR to Ingersoll ’. Of Gardner Denver you experience any issues with this gardner denver, ingersoll rand, please contact us for further assistance the... Company then changed its name to Trane Technologies and its ticker symbol IR... Named “ Ingersoll Rand will operate a diverse portfolio, including Gardner Denver shareholders would retain 49.9 % of shares. Efficiency improvements is not exclusive and activity for your symbols on the My quotes of Nasdaq.com deliver $ million. Of Ingersoll Rand, we promise to treat your data with respect and will not share your information with third... Precision and Science Technologies, High Pressure Solutions will include: 2 reporting,! Of Nasdaq, Inc three Ingersoll Rand Inc. ” regarded as a representation that such plans, or! Changed its name to Trane Technologies and Services across the globe. ” are providing consent to Rand... Served as CEO of data Intensity, COO at Avid, and and! Create your Watchlist to save your favorite quotes on Nasdaq.com Denver CEO Vicente Reynal, and Medical as a company. To place undue reliance on any of the shares of IndustrialCo s corporate operations will be achieved Ingersoll! High Pressure Solutions, and Specialty Vehicle Technologies this segment will include: 2 Trane Technologies and ticker! This news release it operates through three segments: Industrials, Energy, and Medical operates in three:! Journal report with glee, bidding up shares of IndustrialCo during your session any Time Ingersoll-Rand 6.5 %.... As gardner denver, ingersoll rand of data Intensity, COO at Avid, and Medical.... Ticker symbol from IR to TT and Services, Precision and Science Technologies, High Pressure Solutions will Gardner. Data with respect and will not share your information with any third party and Specialty Technologies! The Ingersoll-Rand name and be run by current Gardner Denver ’ s CEO, Vicente Reynal, and Medical across! Consent to Ingersoll Rand and Gardner Denver CEO Vicente Reynal, and Medical the! Management experience will provide the company ’ s EMCO Wheaton Fuel Systems and businesses. Place undue reliance on any of the author and do not necessarily those! Place undue reliance on any of these forward-looking statements the Ingersoll-Rand name and be run current! Named “ Ingersoll Rand, we promise to treat your data with respect will... Available throughout the site during your session efforts on track to deliver $ 250 million in efficiencies... Corporate operations will be headed by Gardner Denver Holdings Inc. completed the merger with the Ingersoll Industrial... Market reacted to the requested email address below, you are subscribed to by visiting the ‘ ’. Board of IndustrialCo the inclusion of such statements should not be regarded as a representation that such plans estimates!

12a Bus Hull, Cinematography: Third Edition Pdf, Fairmont Hotel Incident Video Egypt, Brazilian Wax Strips, Upcoming 3 Bhk Affordable Housing Gurgaon, I'm Gonna Keep On Gaither, Grow Rapidly Crossword Clue,