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... Ingersoll Rand might be the perfect fit for you. 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. 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. 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. Ingersoll Rand will operate with a four-segment reporting structure, effective immediately. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. A deal announcing the merger of North Carolina-based pump manufacturer Gardner Denver Holdings (GDI) - Get Report with part of Ingersoll-Rand (IR) - … Gardner Denver Holdings, Inc. completed the merger with the Ingersoll Rand Industrial segment at the end of the day on Saturday, February 29, 2020. 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. Gardner Denver will tie the knot with the Industrial segment of Ingersoll-Rand. Industrial Technologies and Services EMEIA will also include Gardner Denver’s EMCO Wheaton Fuel Systems and Runtech businesses. They are Industrial Technologies and Services, Precision and Science Technologies, High Pressure Solutions, and Specialty Vehicle Technologies. Ingersoll Rand will operate with a four-segment reporting structure, effective immediately. 4. The IndustrialCo board will be headed by Gardner Denver chairman Peter Stavros and include seven Gardner Denver and three Ingersoll Rand designated directors. 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. It operates through three segments: Industrials, Energy, and Medical. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges. Industrial Technologies and Services 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). You can sign up for additional alert options at any time. 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. Any forward-looking statements speak only as of the date of this news release. Misty Zelent Ingersoll Rand Customer Centers are the one-stop shop for all your air compressor needs. Effective immediately, Ingersoll Rand will operate as four reportable segments: 1. Gardner Denver Holdings Inc. will become a brand within Ingersoll-Rand and have corporate headquarters in North Carolina under the terms of a now-confirmed merger. 3. 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. 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 ? (RTTNews) - Gardner Denver Holdings Inc. completed the merger with the Ingersoll Rand Industrial segment. 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). 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The combination would create a business that would have an enterprise value, … Ingersoll Rand Industrial segment completed its previously-announced merger with Gardner Denver Holdings. The Industrial Technologies and Services segment will include a combination of the Ingersoll Rand Industrial Compression Technologies and Services (CTS) business and the Gardner Denver Industrials business, which will be managed through three regional business units, Americas, Asia Pacific and Europe, Middle East, India and Africa (EMEIA). Readers are cautioned not to place undue reliance on any of these forward-looking statements. )+[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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