April 30, 2019 / 10:15 AM / 3 months ago

Ingersoll-Rand to spin off industrial unit and merge it with Gardner Denver

April 30 (Reuters) - Ingersoll-Rand Plc said on Tuesday it would spin off its industrial business and merge it with industrial pumps and compressors producer Gardner Denver Holdings Inc.

The combined company would have a 2019 pro forma revenue of about $6.6 billion, Ingersoll said.

Ingersoll’s industrial business makes products including industrial pumps and power tools. (Reporting by Ankit Ajmera in Bengaluru; Editing by Shailesh Kuber)

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