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Gardner Denver completes merger with Ingersoll Rand’s industrial segment

Gardner Denver has recently announced the successful completion of its merger with the Ingersoll Rand Industrial segment. The new company, known as Ingersoll Rand, began trading on 2 March 2020 on the New York Stock Exchange.

“Today’s milestone transforms our potential to generate extraordinary long-term value for our employees, customers, shareholders and communities,” said Vicente Reynal, CEO of Ingersoll Rand. “Fuelled by our employees’ ownership mindset, we operate from a customer-centric culture, as we know they lean on us to help make life better. We are enthusiastic that now, as a stronger company, we can deliver more comprehensive solutions and services across the globe.”

The merger positions the new company as a global leader in mission-critical flow creation and industrial technologies. With over 16,000 employees around the world, the combined company produces air compressors, pumps, blowers, as well as systems for fluid management, loading and material handling.

Effective immediately, Ingersoll Rand will operate as four segments: Industrial Technologies and Services; Precision and Science Technologies; High Pressure Solutions; and Specialty Vehicle Technologies.

The company has appointed its three newest board members – Kirk Arnold, Gary Forsee and Tony White – who have already commenced their board services.