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Ingersoll-Rand Plc (IR) Q2 2021 Earnings Call Transcript

Ingersoll-Rand Plc (IR) Q2 2021 Earnings Call Transcript
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United States , Chris Miorin , Nash Garo , Vik Kini , Gardner Denver , Milton Roy , Julian Mitchell , Vicente Reynal , Jeff Sprague , Julian Mitchell Barclays , Asia Pacific , Mike Halloran , Nigel Coe , Christopher Miorin , High Pressure Solutions , Specialty Vehicle Technology , Mike Halloran Robertw Baird Co , Maximus Solutions , Nigel Coe Wolfe Research Analyst , Rand Plc , Haskel Hydrogen Solution , Science Technology , Wolfe Research , Ingersoll Rand , Jeff Sprague Vertical Research Analyst , Ingersoll Rand Plc ,

Tech Trends (Week of July 12, 2021)

Tech Trends (Week of July 12, 2021)
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Gardner Denver Scores Top Ratings In 2021 Oilfield Products Customer Satisfaction Survey

Gardner Denver Scores Top Ratings In 2021 Oilfield Products Customer Satisfaction Survey
Gardner Denver High Pressure Solutions (HPS), the leading total solutions provider for the drilling, well servicing and frac pumps market, has achieved a top rating in total satisfaction in the 2021 Oilfield Products Customer Satisfaction Survey, conducted by EnergyPoint Research.
The survey, which has been conducted annually since 2007, is one of several EnergyPoint studies focused on the oil and gas industry’s satisfaction with the products and services it utilizes and depends upon. More than 50 major product suppliers were listed in this year’s global survey. A total of 34 companies received the minimum number of evaluations to be included in the final rankings. ....

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Ingersoll Rand sells majority interest in High Pressure Solutions segment

Ingersoll Rand sells majority interest in High Pressure Solutions segment
6 April 2021
Ingersoll Rand will retain a 45% common equity interest in the HPS business.
The company will use the approximately US$300 million proceeds from the sale to support core, sustainability-oriented growth initiatives.
This transaction significantly reduces Ingersoll Rand’s direct exposure to the upstream oil and gas market to non-material revenue exposure of less than 2% of total expected 2021 revenue.
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United States , Ingersoll Rand Inc , High Pressure Solutions , Ingersoll Rand , American Industrial Partners , ஒன்றுபட்டது மாநிலங்களில் , இஂகர்‌ஸோல் ரேண்ட் இன்க் , உயர் ப்ரெஶர் தீர்வுகள் , இஂகர்‌ஸோல் ரேண்ட் , அமெரிக்கன் தொழில்துறை கூட்டாளர்கள் ,

AIP to acquire Ingersoll Rand's stake worth $300m in HPS Segment

AIP to acquire Ingersoll Rand’s stake worth $300m in HPS Segment
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Private equity firm American Industrial Partners (AIP) has agreed to acquire Ingersoll Rand’s majority interest in High Pressure Solutions (HPS) Segment for approximately $300m.
Upon the completion of the deal, Ingersoll Rand will retain a 45% common equity interest in HPS Segment.
The transaction is planned to be completed in the first half of 2021, subject to customary closing conditions.
Ingersoll Rand CEO Vicente Reynal said: “Today’s transaction is a meaningful step forward in our transformation and achieves many of the goals we have previously communicated. ....

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