SOURCE: Industrial Info Resources

September 16, 2008 07:00 ET

Ingersoll-Rand Sees Opportunities for Growth After Trane Acquisition, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - September 16, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- After completing the acquisition of Trane Incorporated (Piscataway, New Jersey) in June 2008 for about $10 billion, Ingersoll-Rand Company Limited (NYSE:IR) (Hamilton, Bermuda) is evaluating Trane's integration into the company. Ingersoll-Rand is now focusing on achieving the results that it has committed to, Herbert L. Henkel, Chairman, President and CEO of Ingersoll-rand, said at the Global Industrials CEOs Unplugged Conference in Dana Point, California. "We believe that there are significant upside opportunities by adding Trane to Ingersoll-Rand," he said. "We believe that we as a company have strengthened our position as a diversified company."

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