Ingersoll Rand Inc. (Ingersoll Rand) provides mission-critical flow creation products, and industrial and life science solutions.
The company has a broad flow creation and industrial product portfolio across air, gas, powder, and liquid handling applications, providing services and solutions to increase industrial and life science productivity, efficiency, and sustainability. The company manufactures one of the broadest and most complete ranges of compressor, pump, vacuum, and blower products i...
Ingersoll Rand Inc. (Ingersoll Rand) provides mission-critical flow creation products, and industrial and life science solutions.
The company has a broad flow creation and industrial product portfolio across air, gas, powder, and liquid handling applications, providing services and solutions to increase industrial and life science productivity, efficiency, and sustainability. The company manufactures one of the broadest and most complete ranges of compressor, pump, vacuum, and blower products in its markets, which, when combined with its global geographic footprint and application expertise, allows it to provide differentiated product and service offerings to its customers. The company's products are sold under more than 80 brands, including Ingersoll Rand and Gardner Denver.
The company has sales in all major geographic markets, and its diverse customer base utilizes its products across a wide array of end-markets, including life sciences, food and beverage production, clean energy, industrial manufacturing, infrastructure, water, and wastewater treatment, and many others.
To support its customers and market presence, the company maintains significant global scale with over 60 key manufacturing facilities, and over 40 complementary service and repair centers across six continents as of December 31, 2024.
The process-critical nature of the company's product applications, coupled with the standard wear and tear replacement cycles associated with the usage of its products, generates opportunities to support customers with its broad portfolio of services, spare parts, and consumables. The company's installed base of products provides a recurring revenue stream through its aftermarket parts, consumables, and services offerings.
Segments
Industrial Technologies and Services
This segment designs, manufactures, markets, and services a broad range of air and gas compression, vacuum, and blower products, fluid transfer equipment, loading systems, power tools, and lifting equipment, including associated aftermarket parts, consumables, and services. It primarily sells under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle, and over 30 other brands. Its customers deploy its products across a wide array of applications in diverse end-markets. Compressors are used to increase the pressure of air or gas, vacuum products are used to remove air or gas in order to reduce the pressure below atmospheric levels, and blower products are used to produce a high volume of air or gas at low pressure. Almost every manufacturing and industrial facility, and many service and process industry applications, use air compression, vacuum, and blower products in a variety of process-critical applications, such as the operation of pneumatic tools, pumps, and motion control components, air and gas separation, vacuum packaging of food products, and aeration of wastewater, among others. The company's vacuum pumps and compressors are used in many power generation, mining, oil and gas refining and processing, chemical processing, and general industrial applications, including flare gas and vapor recovery, geothermal gas removal, vacuum deaeration, water extraction in mining, and paper and chlorine compression in petrochemical operations. The company's engineered loading systems and fluid transfer equipment ensure the safe handling and transfer of crude oil, liquefied natural gas, compressed natural gas, chemicals, and bulk materials. Its power tools and lifting equipment portfolio includes electric and cordless fastening systems, pneumatic bolting tools, drilling and material removal tools, hoists, winches, and ergonomic handling devices. Typical applications for these products include the precision fastening of bolted joints in the production, assembly, and servicing of industrial machinery, on-highway and off-highway vehicles, aircraft, electronics, and other equipment.
The company's compression products cover the full range of technologies, including rotary screw, reciprocating piston, scroll, rotary vane, and centrifugal compressors. Its vacuum products and blowers also cover the full technology spectrum; vacuum technologies include side channel, liquid ring, claw vacuum, screw, turbo, and rotary vane vacuum pumps, among others, while blower technologies include rotary lobe, screw, claw, and vane, side channel, and radial blowers.
The company complements these products with a broad portfolio of service options tailored to customer needs and a complete range of aftermarket parts, air treatment equipment, controls, and other accessories delivered through its global network of manufacturing and service locations and distributor partners. The breadth and depth of the company's product offering creates incremental business opportunities by allowing it to cross-sell its full product portfolio and uniquely address customers’ needs in one complete solution.
The company sells its products through an integrated network of direct sales representatives and independent distributors, which is strategically tailored to meet the dynamics of each target geography or end-market. Its installed base also provides for a significant stream of recurring aftermarket revenue.
Precision and Science Technologies
This segment designs, manufactures, and markets a broad range of specialized equipment for both industrial and life sciences markets. Its products are used for precision dosing, liquid and solid transfer, dispensing, gas compression, gas sampling, pressure management, flow control, and powder handling, amongst other applications. Major categories of the company's portfolio are pumps and liquid handling systems and life science tools and systems. Within pumps and liquid handling systems, the company's offering covers a broad range of pump and flow control technology types. This includes diaphragm pumps, piston pumps, water-powered pumps, peristaltic pumps, gear pumps, vane pumps, progressive cavity pumps, syringe pumps, gas boosters, hydrogen compression systems, automated liquid handling systems, odorant injection systems, controls, software, and other related components and accessories. These offerings are sold under brands that are highly recognized in their end markets, including Air Dimensions, Albin, ARO, Dosatron, Haskel, Ingersoll Rand, LMI, Maximus, Milton Roy, MP, Oberdorfer, Seepex, Thomas, Welch, Williams, YZ, and Zinsser Analytic. Within life science tools and systems, the company's primary offerings include single-use powder handling systems and isolators for disposable process and powder containment, and contract design and production services for silicone, thermoplastic, and specialty components and assemblies for medical devices. The company also manufactures space suits, inflatable habitats, and lighter-than-air vehicles for human mobility and habitation and defense applications. Its customer base is composed of a wide range of end users in markets, including life sciences, industrial manufacturing, water and wastewater, chemical processing, energy, food and beverage, agriculture, and others. The company's sales are realized primarily through a combination of independent specialty and national distributors and relationships directly with original equipment manufacturers (‘OEM’), Engineering, Procurement and Construction (‘EPC’) companies, and end users.
Recent Acquisitions
In February 2024, the company completed the acquisition of Friulair S.r.l. (‘Friulair’). The business is a manufacturer of dryers, filters, aftercoolers, and accessories for the treatment of compressed air and its chiller product line.
In June 2024, the company completed the acquisition of Astronaut Topco, LP and Astronaut Topco GP, LLC (collectively ‘ILC Dover’). ILC Dover’s offerings include solutions for biopharmaceutical, pharmaceutical, and medical device markets, as well as products for the space industry.
In October 2024, the company completed the acquisition of Air Power Systems Co LLC (‘APSCO’). The business is a provider of hydraulic and pneumatic products and engineered solutions serving diverse specialty work truck vehicles. APSCO’s offerings include hydraulic coolers, systems, and components in addition to pneumatic consoles, cylinders, valves, and switches.
Industries and Products
Industrial Technologies and Services
The company's Industrial Technologies and Services segment designs, manufactures, markets, and services a broad range of air compression, vacuum, and blower products across a wide array of technologies, as well as other specialized industrial products. Compression, vacuum, and blower products are used in a wide spectrum of applications in nearly all manufacturing and industrial facilities and many service and process industries in a variety of end-markets, including clean energy, life sciences, food and beverage production, general manufacturing, infrastructure, and others.
Compression Products
Sales to industrial end-markets include industrial air compression products, as well as associated aftermarket parts, consumables, and services. Industrial air compressors compress air to create pressure to power machinery, industrial tools, material handling systems, and automated equipment. Compressed air is also used in applications as diversified as snow making and fish farming, on high-speed trains, and in hospitals.
The company focuses on five basic types of air compression technologies: rotary screw, reciprocating piston, scroll, rotary vane, and centrifugal compressors. Rotary screw compressors are a newer technology than reciprocating compressors and exhibit better suitability for continuous processes due to a more compact size, less maintenance, and better noise profile. Scroll compressors are most commonly seen where less oil-free air is needed, and are most commonly used in medical and food applications where the need for pure, clean, and precise air is of great importance. Rotary vane compressors feature high efficiency, compact compression technology, and found throughout sectors of industry, including automotive, food and beverage, energy, and manufacturing with specialized solutions within transit, gas, and snow making. Centrifugal compressors are most effective when in applications that demand larger quantities of oil-free air and are utilized across a wide range of industries.
Vacuum Products
Industrial vacuum products are integral to manufacturing processes in applications for packaging, pneumatic conveying, drying, holding/lifting, distillation, evacuation, forming/pressing, removal, and coating. Within each of these processes are a multitude of sub-applications. As an example of one such end-process, within packaging, a vacuum will be used on blister packaging, foil handling, labeling, carton erection, stacking, and palletizing (placing, stacking, or transporting goods on pallets), as well as central vacuum supply for entire packaging departments.
The company focuses on five basic types of vacuum technologies: side channel, liquid ring, claw vacuum, screw, and rotary vane vacuum pumps. Side channel vacuum pumps are used for conveying gases and gas-air mixtures in a variety of applications, including laser printers, packaging, soil treatment, textiles, and food and beverage products. Liquid ring vacuum pumps are used for extreme conditions, which prevail in humid and wet processes across ceramics, environmental, medical, and plastics applications. Claw vacuum pumps efficiently and economically generate contact-free vacuum for chemical, environmental, and packaging applications. Screw vacuum pumps are a dry running technology used to reduce the carbon footprint and life cycle costs in drying and packaging applications. Rotary vane vacuum pumps are used for vacuum and combined pressure and vacuum applications in the environmental, woodworking, packaging, and food and beverage end-markets.
Blower Products
Blower products are used for conveying high volumes of air and gas at various flow rates and at low pressures, and are utilized in a broad range of industrial and environmental applications, including wastewater aeration, biogas upgrading and conveying, pneumatic transport, and dehydrating applications for food and beverage, cement, pharmaceutical, petrochemical, and mobile industrial applications. In many cases, blowers are a core component for the operation of the entire end-users’ systems.
The company focuses on several key technologies within blower products: rotary lobe, screw, claw, and vane, turbo, side channel, and radial blowers. Rotary lobe blowers, screw blowers, and claw and vane blowers are positive displacement technologies that have the ability to consistently move the same volume of gas or air and vary the volume flow according to the speed of the machine itself, enabling it to adapt the flow condition in a flexible manner despite pressure in the system. Turbo blowers and side channel and radial blowers are dynamic technologies that have the ability to accelerate gas or air through an impeller and transform their kinetic energy at the discharge with some limitation on flexibility.
Precision and Science Technologies
The company's Precision and Science Technologies segment designs, manufactures, and markets a broad range of niche fluidics and powder handling solutions for the life sciences, food and beverage, water and wastewater, general manufacturing, chemical processing, clean energy, aerospace, and other end markets. Key technologies include positive displacement pumps, automated liquid handling systems, and single-use powder and liquid handling and containment systems.
Positive Displacement (PD) Pumps
Positive displacement pumps are essential to highly specialized flow applications across many industries. The company has a positive displacement pumps, covering the main technology types, including diaphragm, vane, piston, progressive cavity, peristaltic, and gear. In the life sciences end-market, its gas and liquid pumps are used for a wide range of applications, such as aspirators, blood analyzers, compression therapy, dialysis machines, gas monitors, ventilators, and scientific instrumentation within in vitro diagnostics and R&D laboratories. In the water and environmental end-market, the company's pumps and related equipment are used for water treatment in municipal and industrial facilities, such as in dosing and sludge transfer. In agriculture, its pumps are used for nutrient and medicine dosing to livestock, plants, and medicinals. Finally, in the general industrial end-market, the company's pumps and accessories serve a broad range of niche applications, such as in the handling of abrasive or chemically active fluids.
Controls and Software
Equipment controls and software are of increasing importance in the company's flow control applications for both the optimization of current systems, as well as to enable the Industrial Internet of Things (‘IIoT’) evolution. In the agriculture market, the company sells controllers and software that monitor and control the main functions within livestock and greenhouse facility operations with the benefit of reducing cost and improving yield. In natural gas pipelines and distribution, the company sells monitoring devices connected to cloud-based software for real-time monitoring of odor injection pumping systems, which enhances safety and reduces costs. Similarly, on its positive displacement progressive cavity sludge pumps, the company sells monitoring devices and cloud-based software for real-time pump health and performance monitoring, which prevents costly downtime in water treatment plants, as well as in industrial installations.
Robotics
The company's automated liquid handling products, which includes syringe pumps and accessories, are integrated into, automated liquid handling systems used within clinical, pharmaceutical, and environmental applications. These automated systems provide accurate and efficient dosing, sampling, and handling of critical fluids at increasingly ultra-low flow levels, which are required in lab and life science applications.
Powder and Liquid Handling and Containment Systems
The safe and efficient handling of high-value and high-potency powders and liquids is essential for the global production of biopharmaceutical and pharmaceutical products. The company manufactures a range of single-use powder handling solutions, single-use liquid bags, isolators, and other related products for large and small molecule workflow applications from weigh and dispense to fill and finish.
Competition
Industrial Technologies and Services
The company's principal competitors in sales of compression, vacuum, and blower products include Atlas Copco, Flowserve, IDEX Corporation, and Kaeser Compressors.
Precision and Science Technologies
The company's primary competitors include Dover, Graco, IDEX Corporation, KNF Neuberger, Netzsch, NOV, Sartorius, SPX Flow, Thermo Fisher Scientific, and Watson-Marlow, as well as other regional and local manufacturers.
Customers and Customer Service
The company considers superior customer service to be one of its primary pillars of future success and views it as being built upon a foundation of critical application expertise, an industry range of compressor, pump, vacuum, and blower products, a global manufacturing and sales presence, and a long-standing reputation for quality and reliability. Intense customer focus is at the center of the company's vision of becoming the industry’s first choice for innovative and application-critical flow creation equipment, services, and solutions. The company strives to collaborate with its customers and become an essential part of their engineering process by drawing on its deep industry and application engineering experience to develop best-in-class products that are critical to the processes and systems in which they operate.
The company has established strong and long-standing customer relationships with numerous industry players. It sells its products directly to end-use customers and to certain OEMs, and indirectly through independent distributors and sales representatives.
The company uses a direct sales force to serve end-use customers and OEMs because these customers typically require higher levels of technical assistance, more coordinated shipment scheduling, and more complex product service than customers that purchase through distributors. The company has distribution centers and warehouses that stock parts, accessories, and certain products to provide adequate and timely availability.
In addition to its direct sales force, the company is committed to developing and supporting its global network of distributors and representatives who provide a competitive advantage in the markets and industries it serves. These distributors maintain an inventory of complete units and parts and provide aftermarket services to end-users. While most distributors provide a broad range of products from different suppliers, the company views its distributors as exclusive at the product category level (e.g., compressor, vacuum, and blower). The company's service personnel and product engineers provide the distributors’ service representatives with technical assistance and field training, particularly with respect to installation and repair of equipment. The company also provides its distributors with sales and product literature, advertising and sales promotions, order-entry and tracking systems, and an annual restocking program. Furthermore, the company participates in major trade shows and directly markets its offerings to generate sales leads and support the distributors’ sales personnel.
Patents, Tradenames, and Other Intellectual Property
While in the aggregate the company has more than 2,000 patents, it has Ingersoll Rand and Gardner Denver tradenames. The company has registered its tradenames in the countries it deems necessary or in its best interest.
Pursuant to tradename license agreements, Cooper Industries has exclusive rights to use the Gardner Denver tradename for certain power tools and their components, meaning that the company is prevented from using this mark in connection with those products.
Environmental Matters
The company is subject to laws concerning the cleanup of hazardous substances and wastes, such as the U.S. federal ‘Superfund’ and similar state laws that impose liability for cleanup of certain waste sites and for related natural resource damages.
Research and Development
For the year ended December 31, 2024, the company spent $116.6 million on research activities relating to the development of new products and new product applications.
History
The company was founded in 1859. It was incorporated in 2013. The company was formerly known as Gardner Denver Holdings, Inc. and changed its name to Ingersoll Rand Inc. in 2020.
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