Ingersoll Rand

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(Redirected from Ingersoll-Rand)
Ingersoll Rand
Type
Public (NYSE:IR)
Founded
1871
Headquarters
Incorporation: Hamilton, Bermuda;Operational and executive: Montvale, NJ, USA
Key people
Herbert L. Henkel, CEOSimon Ingersoll, Founder
Industry
Diversified industrial manufacturing
Products
Air SolutionsToolsMaterial HandlingGolf CarUtility VehiclesMechanical and Electronic LocksBiometric Security TechnologiesAccess ControlExit DevicesTime management systemsStationary RefrigrationTransport RefrigrationResidential Air conditioningCommercial Air conditioning
Revenue
$17 billion USD (2008)
Employees
64,000 (2008)
Divisions
Industry TechnologiesSecurity TechnologiesClimate Control TechnologiesAir Conditioning Systems & Services
Website
www.ingersollrand.com
Ingersoll Rand (NYSE:IR) is a $17 billion global diversified industrial company founded in 1871. The Ingersoll Rand name came into use in 1905 through the combination of Ingersoll-Sergeant Drill Company and Rand Drill Company. Ingersoll Rand is part of the S&P 500, one of the 13 companies in that index that is incorporated outside the U.S.
Ingersoll Rand is a global provider of products, services, and integrated solutions to industries as diverse as transportation, manufacturing, construction, and agriculture. Examples include refrigeration, biometric security systems, medium to large-scale air compressors, and compact vehicles for construction and movement of people and goods.
Mining and construction support equipment (such as mobile diesel generators and compressors) is the primary field identified with the Ingersoll Rand brand, but they also manufacture many products under other brand names, including:
Club Car golf cars
Hussmann refrigeration units
Kryptonite locks
Schlage locks
Trane HVAC equipment
Falcon Door Hardware - locks, exits, closers
LCN door closers
Von Duprin exit devices
Thermo King transport refrigeration units
Interflex, German based European provider and manufacturer of hardware and software for security solutions and time management planning.
Normbau
Cisa
OMI Officine Meccaniche Industriali srl (OMI), a leading European provider of compressed-air treatment equipment
Contents
1 History
2 Businesses
3 See also
4 References
5 External links
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History
In 1871, Simon Ingersoll founded Ingersoll Rock Drill Company. In 1905 Ingersoll-Sargeant Drill Company merged with the Rand Drill Company to form Ingersoll Rand. Ingersoll Rand has largely grown by acquisition since that time.
In October 2001 shareholders voted to move the company's incorporation to Bermuda to capitalize on the savings on U.S. corporate income taxes on products sold overseas. Moving the company on paper cost only $27,000 USD per year, with a tax savings estimated at $40 million USD.[citation needed] See tax haven.
The company's executive offices were moved from Woodcliff Lake, New Jersey to neighbouring Montvale, New Jersey in 2004.
In July 2004, the Drilling Solutions business of Ingersoll Rand was sold to Atlas Copco. In May 2007 the company announced it was looking into a sale or spin-off of its Bobcat, utility equipment, and attachments divisions. With this divestiture, Ingersoll Rand will be left with the Industrial Technologies, Climate Control Technologies, and Security Technologies sectors. This would complete the transformation from the diversified machinery label to a diversified industrial company.
In February 2007, Volvo, a Swedish truck and construction equipment manufacturer, announced its agreement to buy the road construction equipment division of Ingersoll-Rand for $1.3 billion in cash to expand its operations in the U.S. The road unit manufactures and sells asphalt paving equipment, compaction equipment, milling machines and construction-related material handling equipment and generated net revenues of approximately $850 million for 2006. The sale includes manufacturing facilities in Pennsylvania, Germany, China and India, as well as 20 distribution and service facilities in the U.S. The business employs approximately 2,000 people worldwide.[citation needed]
On July 30, 2007, Ingersoll Rand announced that the utility and attachment businesses had been sold to Doosan Infracore, part of the South Korean chaebol Doosan, for USD $4.9 billion.
On December 17, 2007, Ingersoll Rand announced that an offer to purchase HVAC supplier, Trane, in a stock and cash transaction. The purchase was approved by Trane's stockholders, and the unit became a part of the Climate Control Technologies business, which is divided into commercial and residential business units, each reporting directly to the Chairman. The sale was completed on...(and so on) To get More information , you can visit some products about ps2 light gun, dried coconut, . The Compressor Tester Kit, SD-1028 products should be show more here!