nyse ir industry conglomerate founded 1871 headquarters davidson north carolina united states operational headquarters ; dublin ireland legal domicile number of locations more than 99 manufacturing facilities worldwide key people michael lamach chairman president & ceo simon ingersoll founder deceased products air solutions tools material handling golf car utility vehicles time management systems stationary refrigeration transport refrigeration residential air conditioning commercial air conditioning revenue us 13.3 billion 2015 1 operating income us 1.4 billion 2015 2 net income us 707.1 million 2015 3 total assets us 16.7 billion 2015 4 total equity us 5.8 billion 2015 5 number of employees 52 000 2011 divisions industrial technologies security technologies climate solutions residential solutions website www.ingersollrand.com ingersoll rand plc nyse ir is a global diversified industrial company formed in 1905 by the merger of ingersoll sergeant drill company and rand drill company rival companies that had each been founded in 1871 . the company is incorporated in dublin ireland but has its headquarters in davidson north carolina . ingersoll rand has been a constituent of the s & p 500 index since 2010 replacing pactiv corporation on 16 november 2010 it had previously been in the s & p 500 index until it was replaced by quanta services in june 2009 . 6 contents 1 history 2 corporate affairs 2.1 brands and subsidiaries 3 see also 4 references 5 external links history edit ingersoll sergeant steam drill used in mining in the late 1800s in 1871 simon ingersoll 1818 1894 founded ingersoll rock drill company in new york 7 and in 1888 it combined with sergeant drill to form ingersoll sergeant drill company . also in 1871 brothers addison rand 1841 1900 and jasper rand jr. 1837 1909 established rand drill company with its main manufacturing plant in tarrytown new york . 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 . 8 in 1905 ingersoll sargeant drill company merged with the rand drill company to form ingersoll rand . ingersoll rand has grown largely by acquisition since that time . in october 2002 shareholders voted to move the company s incorporation to bermuda to capitalize on the savings on u.s. corporate income taxes on products sold overseas . moving the company on paper cost only us 27 000 per year with a tax savings estimated at us 40 million . ingersoll rand announced in march 2009 its intention to relocate its offices from bermuda to ireland a decision which shareholders approved in a vote . 9 in july 2004 the drilling solutions business was sold to the swedish company atlas copco . this included factories in united states china japan and india making above ground rotary blasthole and deephole drilling machines . atlas copco purchased the company for us 225m . drilling solutions was a legacy business from the company s founding . in may 2007 the company announced it was looking into a sale or spin off of its bobcat utility equipment and attachments divisions . with this divestiture ingersoll rand was left with the industrial technologies climate control technologies and security technologies sectors . this would complete the transformation from the diversified machinery label to a diversified industrial company . in february 2007 volvo a swedish truck and construction equipment manufacturer announced its agreement to buy the road construction equipment division of ingersoll rand for 1.3 billion in cash to expand its operations in the united states . the road unit manufactures and sells asphalt paving equipment compaction equipment milling machines and construction related material handling equipment and generated net revenues of approximately 850 million for 2006 . the sale includes manufacturing facilities in pennsylvania germany china and india as well as 20 distribution and service facilities in the united states . the business employs approximately 2 000 people worldwide . citation needed on 30 july 2007 ingersoll rand announced that the utility and attachment businesses had been sold to doosan infracore part of the south korean chaebol doosan for us 4.9 billion . 10 on 17 december 2007 ingersoll rand announced an offer to purchase hvac supplier trane in a stock and cash transaction . the purchase was approved by trane s stockholders and the unit became a part of the climate control technologies business which is divided into commercial and residential business units each reporting directly to the chairman . 11 the sale was completed on 5 june 2008 . 12 on 4 february 2010 michael w. lamach was elected president and chief executive officer by the board of directors . 13 on 4 june 2010 michael w. lamach was elected chairman of the company . he retained his titles of president and chief executive officer and succeeded herbet l. henkel who retired after serving as chairman of the company since may 2000 . 14 on 2 december 2013 ingersoll rand completed the spinoff of its security hardware sector into a standalone business named allegion which maintains well known commercial and residential security hardware brands such as schlage von duprin lcn interflex normbau and cisa . 15 in august 2014 it was announced that ingersoll rand would acquire the centrifugal compression unit of cameron international for 850 million . 16 corporate affairs edit ingersoll rand s corporate headquarters are in swords fingal county dublin ireland . its american headquarters are in davidson north carolina . its european headquarters are in sint stevens woluwe zaventem belgium . its asia headquarters are in tower b of city center of shanghai in shanghai people s republic of china . 17 18 brands and subsidiaries edit the company s list of brands and subsidiaries include aro fluid products aro pumps fluid transfer products air operated double diaphragm pumps piston pumps and flow accessories like frl pulsation dampeners cameron international compression systems manufactures compression equipment and provides aftermarket services for worldwide club car golf cars and utility vehicles ghh rand oil free and contact cooled screw compressors and compressed air solutions ingersoll rand brand for air compressors tools and material handling devices nexia home intelligence home automation and self monitoring platform based on z wave communications 19 officine meccaniche industriali srl omi european provider of compressed air treatment equipment service first sf hvacr parts thermo king transport refrigeration units trane hvac equipment see also edit ireland portal companies portal constance horner doosan infracore atlas copco references edit http finance.yahoo.com quote ir financials p ir http finance.yahoo.com quote ir financials p ir http finance.yahoo.com quote ir financials p ir http finance.yahoo.com quote ir financials p ir http finance.yahoo.com quote ir financials p ir contact us ingersoll rand . retrieved 8 october 2014 . daniel russell the ingersoll rock drill . manufacturer and builder magazine . july 1879 . retrieved 8 june 2011 . the national cyclopaedia of american biography . 11 . new york james t. white & company . 1901 . p. 265 . retrieved 26 february 2015 . ingersoll rand moving from bermuda to ireland . market watch . 5 march 2009 . retrieved 22 september 2009 . ingersoll rand to sell its bobcat utility equipment and attachments business units for 4.9 billion ingersoll rand website assessed 31 july 2007 . heating and air conditioning services & systems trane . retrieved 19 july 2016 . ingersoll rand completes acquisition of trane nyse ir . retrieved 19 july 2016 . michael w. lamach elected chief executive officer of ingersoll rand ; herbert l. henkel to remain chairman of the board until june 2010 retirement ingersoll rand website . michael w. lamach elected chairman of ingersoll rand ; herbert l. henkel retires ingersoll rand website . ingersoll rand completes spinoff of allegion . retrieved 8 october 2014 . ingersoll rand to buy cameron international unit for 850 million press release . reuters . 19 august 2014 . contact us . ingersoll rand . retrieved on 18 january 2011 . global headquarters 170 175 lakeview drive airside business park swords co. dublin ireland . north america headquarters 800 e beaty street davidson nc 28036 usa europe headquarters alma court building lenneke marelaan 6 1932 sint stevens woluwe belgium asia headquarters 10 f tower b city center of shanghai 100 zun yi road shanghai 200051 people s republic of china davidson streets . city of davidson . retrieved on 18 january 2011 . home nexia home . nexia home . retrieved 8 october 2014 . external links edit wikimedia commons has media related to ingersoll rand . official website ingersoll rand products website ingersoll rand security technologies website aro fluid management website ghh rand website bricard website randi website kilit website ito website latam website ir blues ingersoll rand air tools website official ingersoll rand compressor site belgium headquarters v t e power tool manufacturers altendorf apex tool group gardner denver bosch dremel hawera rotozip skil chang type industrial co. ltd. delta machinery emerson ridgid fein festool flex elektrowerkzeuge hilti hitachi metabo husqvarna mcculloch poulan ingersoll rand mafell makita dolmar mat holdings mat industries llc panasonic illinois tool works miller paslode sawstop stanley black & decker bostitch dewalt porter cable virax stihl viking techtronic industries aeg homelite milwaukee ryobi retrieved from https en.wikipedia.org w index.php title ingersoll rand & oldid 743823343 categories companies listed on the new york stock exchangeconstruction equipment manufacturerspneumatic tool manufacturerscompanies based in swordscompanies established in 1871companies based in bergen county new jerseycorporate inversionswoodcliff lake new jerseyingersoll randpower toolstool manufacturershidden categories use dmy dates from february 2015pages using infobox company with unsupported parametersuse dmy dates from march 2015all articles with unsourced statementsarticles with unsourced statements from march 2009commons category with page title same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages deutschfran aisbahasa indonesiasloven ina edit links this page was last 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