"Ingersoll Rand Industrial" to include the Gardner Denver brands

Ingersoll Rand Industrial has announced the absorption of the Gardner Denver brands under one company named Ingersoll Rand Industrial.  The merged company will be majority owned by Ingersoll-Rand shareholders and create a large industrial machinery company of 2019E pro forma revenue of approximately $6.6 billion.  “Ingersoll Rand Industrial” will trade under Ingersoll Rand’s existing ticker (NYSE: IR); will operate a diverse portfolio of iconic brands, including Gardner Denver ; will be led by CEO Vicente Reynal and a management team from both companies.  They are expected to operate out of the existing Ingersoll Rand operational HQ located in Davidson, NC.