Ingersoll-Rand Inc. is an Irish 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.
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Ingersoll-Rand Company Limited (IR Limited) operates in three business segments: Climate Control Technologies, Industrial Technologies and Security Technologies. The Company generates revenue and cash primarily through the design, manufacture, sale and service of a diverse portfolio of industrial and commercial products that include brand names, such as Club Car, Hussmann, Ingersoll-Rand, Schlage and Thermo King. On December 17, 2007, IR Limited announced that the Company had executed a definitive agreement to acquire Trane Inc., which is a global player in indoor climate control systems, services and solutions. Trane has 34 production facilities worldwide. On November 30, 2007, the Company completed the sale of its Bobcat, Utility Equipment and Attachments business units (collectively, Compact Equipment). On April 30, 2007, IR Limited completed the sale of its Road Development business unit to AB Volvo (publ) in all countries except for India, which closed on May 4, 2007.