In Brief

January 2008
Heating/Piping/Air Conditioning Engineering;Jan2008, Vol. 80 Issue 1, p13
This section offers news briefs in the heating, ventilating and air conditioning (HVAC) engineering industry. Trane Inc., a provider of indoor climate control systems, services, and solutions, will be acquired by Ingersoll Rand for approximately $10.1 billion. An announcement has been made by Nortec Industries that Seresco dehumidifiers, manufactured primarily for indoor-pool applications, are now part of the Nortec line.


Related Articles

  • trane sold. Harris, Angela // Air Conditioning Heating & Refrigeration News;12/24/2007, Vol. 232 Issue 17, p1 

    The article reports on the acquisition of Trane Inc., formerly American Standard, by Ingersoll, Ontario-based Rand Co. Ltd. It is stated that the acquisition approximately costs $10.1 billion, including all of Trane's outstanding common stock. Meanwhile, the transaction is expected to be...

  • Ingersoll-Rand Nearly Doubles In Size With New Acquisition.  // ENR: Engineering News-Record;12/24/2007, Vol. 259 Issue 23, p77 

    The article reports that Bermuda-based Ingersoll-Rand (IR) Co. Ltd. signed a contract to acquire climate-control supplier Trane Inc. and will assume $150 million of Trane debt. Formerly known as American Standard Cos. Inc., Trane will add to IR's existing refrigeration, security and general...

  • Ingersoll Rand Completes Acquisition of Trane.  // Air Conditioning Heating & Refrigeration News;6/16/2008, Vol. 234 Issue 7, p4 

    The article announces that Ingersoll Rand Co. Ltd. has completed its acquisition of Trane Co. Trane becomes a wholly owned unit of Ingersoll Rand. Under terms of the deal, Ingersoll Rand acquired all outstanding common stock of Trane. Holders of Trane's roughly 200 million common shares receive...

  • Ingersoll-Rand to buy Trane in $10.1 billion deal.  // Snips;Feb2008, Vol. 77 Issue 2, p43 

    The article reports on the plan of Ingersoll-Rand Co. to acquire Trane Inc. for $10.1 billion. The acquisition deal includes 200 million outstanding common stocks of Trane for $36.50 each. Ingersoll-Rand will also assume the $150 million debt of Trane. Trane chairman and CEO Fred Poses plans to...

  • Ingersoll-Rand to acquire Trane in $10.lB deal.  // Plant Engineering;Jan2008, Vol. 62 Issue 1, p12 

    The article reports on the acquisition of Trane Inc. by Ingersoll-Rand Co. in a transaction valued at $10.1 billion, including transaction fees and the assumption of $150 million of Trane net debt in the U.S. Under the merger agreement, which was approved by the boards of directors of both...

  • TRANE ACQUIRED.  // Appliance Design;Feb2008, Vol. 56 Issue 2, p9 

    The article reports that Ingersoll-Rand Co. will acquire Trane for $10.1 billion, creating the world's largest makers of air conditioners. The merger is expected to have a revenue of $17 billion in 2008. Ingersoll-Rand is tied with Hussman, makers of commercial refrigerators and Thermo King,...

  • Marriage Of Convenience. Rozens, Aleksandrs // Investment Dealers' Digest;1/19/2009, Vol. 75 Issue 3, p32 

    The article reports that the deal between Trane Co. and Ingersoll Rand Corp. has won the Industrial Deal of the Year award in the U.S. Ingersoll Rand approached Trane on an unsolicited basis after a series of calls between the two company executives that ended up in a $10.1 billion transaction....

  • Ingersoll-Rand plans to acquire Trane Inc.  // Refrigerated Transporter;Jan2008, Vol. 43 Issue 8, p10 

    The article focuses on the executed definitive agreement of Ingersoll-Rand Co. Ltd. to acquire Trane Inc., formerly known as American Standard Co. Inc., in a transaction valued at about $10.1 billion. The deal covers transaction fees and the estimated $150 million of Trane's assumed net debt....

  • Trane tracked by IR.  // ACR News: Air Conditioning & Refrigeration News;Feb2008, Vol. 24 Issue 5, p8 

    The article reports on the acquisition of U.S. AIR hvac giant Trane by Ingersoll Rand. The bid is worth $10bn with an expected $17bn turnover business. This comes after a major reorganisation at American Standard, Trane's parent company. Herbert L. Henkel, Ingersoll Rand chairman, president and...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics