Ingersoll Rand

The Ventilation and Air Conditioning Market for Indoor Agriculture to grow by USD 716.26 million from 2021 to 2026, Benefits offered by ventilation and air conditioning equipment in indoor agriculture to drive the growth- Technavio

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金曜日, 9月 15, 2023
Ingersoll Rand, Air conditioning, Atmosphere, Ventilation, Farmer, Temperature, FREE, YOY, Fungus, USD, Agrochemical, HVAC, KCC, Nature, Water, Ziehl-Abegg, Climate, Growth, Heat, Bacteria, Desert Aire, Washington, Geography, Poultry farming, Heating, ventilation, and air conditioning

NEW YORK, Sept. 15, 2023 /PRNewswire/ -- The ventilation and air conditioning market for indoor agriculture is expected to grow by USD 716.26 million from 2021 to 2026.

Key Points: 
  • NEW YORK, Sept. 15, 2023 /PRNewswire/ -- The ventilation and air conditioning market for indoor agriculture is expected to grow by USD 716.26 million from 2021 to 2026.
  • The market is segmented by product (air conditioning equipment and ventilation equipment), type (new installation and retrofit), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
  • The benefits offered by ventilation and air conditioning equipment in indoor agriculture are key factors driving market growth.
  • This encouraged farmers to adopt indoor farming practices and boosted demand for indoor farming equipment.

Ingersoll Rand Names Santiago Arias Duval as Interim Leader for Global Precision & Science Technologies Business Segment

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木曜日, 9月 7, 2023
Machine Tools, Metalworking & Metallurgy, Engineering, Technology, Manufacturing, Other Technology, Other Manufacturing, Machinery, Vacuum, MIT Sloan School of Management, IR, Ingersoll Rand, Georgia Tech, Danaher, Fruit, PST, Business administration, Board on Science, Technology, and Economic Policy, Oberdorfer, MP, Master of Business Administration, NYSE, General Motors, Management, Science

Ingersoll Rand Inc. (NYSE: IR) today announced Santiago Arias Duval, vice president and general manager of Life Sciences, to serve as the interim business leader for the global Precision & Science Technologies (PST) business segment, effective immediately.

Key Points: 
  • Ingersoll Rand Inc. (NYSE: IR) today announced Santiago Arias Duval, vice president and general manager of Life Sciences, to serve as the interim business leader for the global Precision & Science Technologies (PST) business segment, effective immediately.
  • “Santiago has demonstrated deep industry knowledge, strategy execution, and technical expertise that can help propel the business forward.
  • We are confident he is the right person to lead PST during this transition.”
    Prior to Ingersoll Rand, Santiago held leadership roles at Danaher and General Motors.
  • Santiago holds a Bachelor of Science in electrical engineering from Georgia Institute of Technology and a Master of Business Administration from the MIT Sloan School of Management.

Ingersoll Rand to Participate at Upcoming Investor Conferences

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金曜日, 9月 1, 2023
Manufacturing, Other Manufacturing, Machinery, Engineering, Machine Tools, Metalworking & Metallurgy, Morgan Stanley, Webcast, Ingersoll Rand, Ingersoll, Conference, NYSE, Management

Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and industrial solutions, announced the following upcoming investor events:

Key Points: 
  • Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and industrial solutions, announced the following upcoming investor events:
    Matthew Fort, vice president, Investor Relations, will participate in a fireside chat at the Jeffries Industrials Conference on Wednesday, September 6, 2023 at 9:30 a.m. Eastern Time.
  • Vicente Reynal, chairman and chief executive officer, Vik Kini, chief financial officer, and Mike Weatherred, senior vice president, Ingersoll Rand Execution Excellence (IRX), will participate in a fireside chat at the 2023 Morgan Stanley 11th Annual Laguna Conference on Thursday, September 14, 2023 at 8:10 a.m. Pacific Time.
  • A real-time audio webcast of both fireside chats can be accessed via the Events and Presentations section of the Ingersoll Rand Investor Relations website here .
  • A replay of the webcast will be available after conclusion of the fireside chats and can be accessed on the Ingersoll Rand Investor Relations website.

William P. Donnelly Appointed to Quanterix’s Board of Directors

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月曜日, 8月 21, 2023
Neurology, Cardiology, Biometrics, Biotechnology, Oncology, Health, Infectious Diseases, Health Technology, Bachelor of Science in Information Technology, IPO, Ingersoll Rand, Partex Group, Information technology, Serum, Infection, Limit, Research, John Carroll University, Plasma, Protein, Corporation, Trustee, Blood, Mettler Toledo, Diagnosis, Growth, News, Disease, Donnelly (surname), Management, Medical imaging, Science

Quanterix Corporation (NASDAQ: QTRX), a company fueling scientific discovery and breakthrough diagnostics through ultrasensitive biomarker detection, today announced that it appointed William (Bill) P. Donnelly to its Board of Directors.

Key Points: 
  • Quanterix Corporation (NASDAQ: QTRX), a company fueling scientific discovery and breakthrough diagnostics through ultrasensitive biomarker detection, today announced that it appointed William (Bill) P. Donnelly to its Board of Directors.
  • Over his tenure, he strategically oversaw the company from a leveraged buy-out to an IPO and advised the company once it successfully went public.
  • Mr. Donnelly received a Bachelor of Science in business administration from John Carroll University, where he currently serves as a chairman on the Board of Trustees.
  • “I’m eager to leverage my experience to further Quanterix’s business strategy and its next stage of growth,” said Donnelly.

Chart Industries completes the sale of its Roots™ business to Ingersoll Rand

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金曜日, 8月 18, 2023
Acceleration, Simpson Thacher & Bartlett, Root, Citigroup, BofA Securities, EBITDA, Winston & Strawn, Chart, Ingersoll Rand, NYSE, Sale, Security (finance)

ATLANTA, Ga., Aug. 18, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”) announced that today it has closed its sale of the Roots™ business (“Roots”) to Ingersoll Rand Inc. (NYSE: IR) (“Ingersoll Rand”) for an all-cash purchase price of $300 million, representing an attractive low-teens adjusted EBITDA multiple.

Key Points: 
  • ATLANTA, Ga., Aug. 18, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”) announced that today it has closed its sale of the Roots™ business (“Roots”) to Ingersoll Rand Inc. (NYSE: IR) (“Ingersoll Rand”) for an all-cash purchase price of $300 million, representing an attractive low-teens adjusted EBITDA multiple.
  • As part of the transaction, Ingersoll Rand assumed ownership of the Connersville, Indiana (USA) manufacturing facility and is retaining approximately 300 team members.
  • BofA Securities served as exclusive financial advisor and Winston & Strawn LLP is serving as legal counsel to Chart.
  • Citi served as financial advisor and Simpson Thacher & Bartlett LLP is serving as legal counsel to Ingersoll Rand.

Ingersoll Rand Completes Acquisition of Roots from Chart Industries

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金曜日, 8月 18, 2023
Other Manufacturing, Technology, Engineering, HVAC, Manufacturing, Software, Machine Tools, Metalworking & Metallurgy, Hardware, Data Management, Root, Ingersoll Rand, Acquisition, Ingersoll, NYSE, IT&S, Heavy equipment

Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has completed the acquisition of Howden Roots LLC (“Roots”) from Chart Industries, Inc. (NYSE: GTLS) in an all-cash transaction of approximately $300 million.

Key Points: 
  • Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has completed the acquisition of Howden Roots LLC (“Roots”) from Chart Industries, Inc. (NYSE: GTLS) in an all-cash transaction of approximately $300 million.
  • Through the strong strategic fit and the deployment of Ingersoll Rand Execution Excellence (IRX), Ingersoll Rand expects the acquisition to yield Adjusted EBITDA margins greater than 30% by year three.
  • “This acquisition demonstrates our commitment to inorganic growth through value-enhancing acquisitions,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand.
  • “We are excited to welcome the Roots team to the Ingersoll Rand family.

Ingersoll Rand Reports Record Second Quarter 2023 Results

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水曜日, 8月 2, 2023
Other Manufacturing, Technology, Agritech, Packaging, Engineering, HVAC, Other Technology, Manufacturing, Machinery, Machine Tools, Metalworking & Metallurgy, Specialty, Vacuum, IR, Ingersoll Rand, Sustainability reporting, Ingersoll Rand Industrial Technologies, Ingersoll, Root, Fitch, IT&S, Huntingdon Life Sciences, Public expenditure, M&A, Acquisition, Order, FX, Water, SPX, Lifting, Growth, EPS, Adjustment, Hand, NYSE, Music, Pharmaceutical industry, Renewable energy, Retail, Bank, Agricultural technology

“These results have led us to raise our full year guidance on total revenue growth, organic revenue growth, Adjusted EBITDA, and Adjusted EPS.

Key Points: 
  • “These results have led us to raise our full year guidance on total revenue growth, organic revenue growth, Adjusted EBITDA, and Adjusted EPS.
  • In addition, Ingersoll Rand was assigned an investment grade first-time Issuer Default Rating of ‘BBB-’ by Fitch.
  • Consistent with our comprehensive capital allocation strategy led by M&A, in the second quarter of 2023, Ingersoll Rand deployed $49 million to M&A.
  • Ingersoll Rand also announced the acquisition of Howden Roots LLC (“Roots”), a leading provider of low-pressure compression and vacuum technologies.

Ingersoll Rand Declares Regular Quarterly Cash Dividend

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火曜日, 8月 1, 2023
Other Manufacturing, Machinery, Packaging, Machine Tools, Metalworking & Metallurgy, Engineering, Technology, Manufacturing, Other Technology, Ingersoll Rand, NYSE, Cryptocurrency, Management

The Board of Directors of Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, declared today a regular quarterly cash dividend of $0.02 (two cents) per share of common stock payable on September 21, 2023 to shareholders of record on August 23, 2023.

Key Points: 
  • The Board of Directors of Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, declared today a regular quarterly cash dividend of $0.02 (two cents) per share of common stock payable on September 21, 2023 to shareholders of record on August 23, 2023.

Crane NXT, Co. Announces Appointment of David D. Petratis to Board of Directors

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木曜日, 7月 27, 2023
Defense, Oil, Gas, Other Defense, Contracts, Energy, Chemicals, Plastics, Aerospace, Manufacturing, National Electrical Contractors Association, University, NEMA, CXT, Allegion, California State Student Association, Ingersoll Rand, National Electrical Manufacturers Association, MGE, Schneider Electric, Growth, NYSE, Crane, Management

Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, announced that its Board of Directors has appointed David D. Petratis as a Director of Crane NXT.

Key Points: 
  • Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, announced that its Board of Directors has appointed David D. Petratis as a Director of Crane NXT.
  • Mr. Petratis has built a career as an Executive Leader and Board Director of multinational technology-focused companies.
  • John S. Stroup, Chairman of the Crane NXT Board, said: “David’s extensive experience managing and advising post-separation companies, along with his expertise in business strategy development and acquisitions, will be an invaluable addition to the Crane NXT Board.
  • I am delighted to welcome him to the Board, and l look forward to working with him as Crane NXT continues to successfully execute on its growth strategy.”

Power Tool Batteries Market to grow at a CAGR of 10.91% from 2021 to 2026|A123 Systems LLC, AEG Tools, ANDREAS STIHL AG and Co. KG, and more to emerge as key players -Technavio

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火曜日, 7月 18, 2023
Husqvarna Group, Urbanization, BYD Company, Ingersoll Rand, Cadmium, Stanley Black, Electronics, Nickel–cadmium battery, USD, A123 Systems, DIY, Snap-on, Developed country, Growth, LG Chem, Retail, Electric battery, Mobile phone, Geography

Furthermore, the use of portable power tools, which include drilling machines and nail guns, offers various benefits to consumers.

Key Points: 
  • Furthermore, the use of portable power tools, which include drilling machines and nail guns, offers various benefits to consumers.
  • Major Trends- Li-ion batteries replacing NiCd technology in power tool batteries is a major trend in the market.
  • Significant Challenges- The high cost of power tool batteries equipment is one of the significant factors restricting market growth.
  • The battery technology in power tool batteries is the major reason for the high cost of the power tool.