Gardner Denver to merge with Ingersoll-Rand division

Gardner Denver Holdings Inc. and Ingersoll-Rand plc have entered into a definitive agreement pursuant to which Ingersoll Rand will separate its industrial segment (Ingersoll Rand Industrial) 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).

IndustrialCo will be composed of the entirety of Gardner Denver and Ingersoll Rand Industrial, including, subject to closing, Ingersoll Rand’s pending acquisition of Precision Flow Systems, which is expected to close by mid-2019. IndustrialCo is expected to be called Ingersoll Rand and trade under Ingersoll Rand’s existing ticker.

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