![]() In April 2019, Ingersoll-Rand Plc and Gardner Denver Holdings, Inc. Merger of Ingersoll Rand's Industrial Segment and Gardner Denver Gardner Denver returned to public ownership in 2017 through an initial public offering. traded on the New York Stock Exchange until it was acquired by private equity firm Kohlberg Kravis Roberts & Co. Cooper spun-off the Gardner Denver Industrial Machinery Division as an independent company in 1994. In 1979, Gardner Denver was acquired by Cooper Industries, Inc. The Company underwent several transformations in the late 1900s and early 2000s. In 1943, Gardner Denver was listed on the New York Stock Exchange for the first time. Gardener Denver grew during the early decades of the 1900s and transformed through acquisitions. The Gardner Governor Company merged with the Denver Rock Drill Company in1927 to form Gardner-Denver. By the turn of the century, the company sold more than 150,000 governors across the United States and Canada. This innovation, known as the flyball governor, helped pave the way to later production of other industrial products such as air compressors. Robert Gardner founded the Gardner Governor Company in 1859 in Quincy, Illinois and introduced the first effective speed controls for steam engines. In the 1920s, Ingersoll Rand supplied diesel engines for locomotives built by both General Electric and ALCO. In 1905, Ingersoll-Sergeant Drill Company merged with the Rand Drill Company to form Ingersoll Rand. ![]() Rand drills cleared New York's treacherous Hell Gate channel and were used in the construction of water aqueducts for New York City and Washington, D.C., and tunnels in Haverstraw and West Point, New York, and in Weehawken, New Jersey. ![]() established Rand Drill Company with its main manufacturing plant in Tarrytown, New York. The Ingersoll Sergeant Drill Company introduced the world's first direct-connected, electronic motor-driven compressor.Īlso in 1871, brothers Addison Rand and Jasper Rand, Jr. It is a priority that we work together with companies like Trane Technologies that can help transform the built environment, as well as refrigerated transportation, towards one that is net zero-emissions, circular, healthy, inclusive and resilient.Simon Ingersoll founded Ingersoll Rock Drill Company in 1871 in New York, and in 1888, it combined with Sergeant Drill to form Ingersoll Sergeant Drill Company. The built environment contributes 40% of global carbon emissions, over 30% of global final energy use and consumes nearly half of the world’s natural resources. WBCSD’s President and CEO Peter Bakker said: “We are glad to welcome Trane Technologies to the WBCSD network. Together, we will rethink and challenge what is possible to accelerate decarbonization and develop tools and resources that communities, cities and other companies can use to build resilience and protect the health of our planet for generations to come.” “The world is facing significant sustainability challenges. “Trane Technologies is proud to join WBCSD and work alongside other member companies to continue progressing towards a sustainable world,” said Paul Camuti, executive vice president and chief technology and strategy officer for Trane Technologies. Headquartered in Swords, Ireland, with North American headquarters in Davidson, North Carolina, Trane Technologies employs more than 36,000 people in offices and factories around the world. These commitments extend to communities with significant investments in education and workforce development, housing and comfort, and food and wellness. The company’s bold 2030 Sustainability Commitments are central to its business strategy and include a pledge to reduce its customers’ carbon emissions by one gigaton (2% of the world’s annual emissions) and to achieve carbon-neutral operations. The company develops solutions for big sustainability challenges while bringing heating, cooling and refrigerated foods and perishables to people around the world. Trane Technologies debuted as a climate innovation company earlier this year, after the spin-off of its industrial segment, which merged with Gardner Denver to become Ingersoll Rand. Trane Technologies is a global climate innovator that brings efficient and sustainable climate solutions to buildings, homes and transportation through its strategic brands Trane® and Thermo King®, and its portfolio of environmental products and services. Geneva, 04 August 2020 – Trane Technologies today joined more than 200 leading companies as the newest member of the World Business Council for Sustainable Development (WBCSD).
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