Is Ingersoll Rand the same as Trane?
The new company is called Ingersoll Rand Inc. and trades on the New York Stock Exchange under the symbol IR. The original Ingersoll Rand becomes Trane Technologies, trading under the ticker symbol TT. The new Ingersoll Rand and Trane will both be located on the existing corporate campus in Davidson.
Did Ingersoll Rand buy Trane?
BOSTON (Reuters) – Diversified manufacturer Ingersoll-Rand Co Ltd IR. N said on Monday it would buy Trane Inc TT. N, a maker of heating and air conditioning systems, for $9.4 billion in cash and stock.
When did Trane split from Ingersoll Rand?
February 29, 2020
Under the previously disclosed terms of the transaction, on February 29, 2020, we completed the separation of our Industrial segment businesses through a spin-off of all 239 million shares of common stock of our wholly owned subsidiary, Ingersoll-Rand U.S. HoldCo, Inc.
When did Trane become Trane technologies?
Trane
| Type | Subsidiary of Trane Technologies |
|---|---|
| Founded | 1913 (as The Trane Company) La Crosse, Wisconsin, U.S. 28 November 2007 (reincorporated as successor to American Standard Companies) |
| Headquarters | Swords, Dublin, Ireland |
| Products | Building Management Systems, HVAC equipment |
| Revenue | $10.264 billion USD (2005) |
What happened to Trane?
Update March, 2020: In April 2019, Ingersoll Rand and Industrial Manufacturer, Gardner Denver announced the two companies would merge under the name Ingersoll Rand and the Trane brand would no longer be part of the Ingersoll Rand family of brands.
Who owns Trane now?
Trane Technologies
American Standard Companies
Trane/Parent organizations
Trane is acquired by American Standard Companies. Becomes the largest of its three businesses: Air Conditioning Systems and Services, Vehicle Control Systems (WABCO) and Bath and Kitchen. June 5, 2008, Ingersoll Rand acquires Trane.