INGERSOLL-RAND COMPANY LIMITED

INGERSOLL-RAND COMPANY LIMITED

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Company Overview
Ingersoll-Rand Company Limited (Ingersoll-Rand) is a publicly quoted company engaged in the manufacture of climate control, industrial, compact vehicle, construction, and security products. The company was formed in 1905 through a merger between Ingersoll-Sergeant Drill Company and Rand Drill Company. It has its registered head office located in Hamilton, Bermuda. It is listed on the New York Stock Exchange under the ticker symbol IR.
Ingersoll-Rand offers a wide range of products including commercial and industrial vehicles, air compressors, biometric technologies, coils and condensers, commercial locks, decorative and security hardware, evaporative condensers, food and beverage vehicles, golf cars, precision fastening equipment, and walk-in coolers and freezers, among others. It is a leading manufacturer of construction products and industrial goods. The company markets its products under the brand names Club Car, Hussmann, Schlage, Thermo King, and Ingersoll Rand, as well as Krack, Randi, Dexter, Bricard, and Legge. The company sells its products domestically, as well as to other countries worldwide.
Ingersoll-Rand has operations in the United States, Venezuela, Japan, Canada, New Zealand, Chile, China, Mexico, Switzerland, Belgium, Brazil, Italy, Denmark, Australia, Russia, and Luxembourg, among others. The company is dedicated to drive shareholder value by achieving dramatic growth, operational excellence, and dual citizenship, by bringing together the talents, energy, and enthusiasm of all Ingersoll-Rand people.
Business Summary
The Company provides climate control, industrial solutions, infrastructure development, and security and safety products worldwide.
Description and history
BUSINESS

The Company is a provider of climate control, industrial solutions, infrastructure development and security and safety products. In each of these markets, the Company offers a diverse product portfolio that includes industrial and commercial brands. Products are sold primarily under the Company’s name and also under other names, including ABG, Blaw-Knox, Bobcat, Club Car, Datum, Dresser-Rand, Dor-o-Matic, Falcon, Glynn-Johnson, Hussmann, Johnstone, LCN, Legge, Monarch, Montabert, Normbau, Schlage, Steelcraft, Thermo King, Von Duprin and Zimmerman. On 18, February, 2003, the Company sold its Engineered Solutions business, part of its Industrial Solutions sector, to the Timken Company. The Company is listed on New York Stock Exchange on 10, October, 1906. The Company, a Bermuda company (IR-Limited or the Company), is the successor to Ingersoll-Rand Company, a New Jersey corporation (IR-New Jersey), following a corporate reorganization (the reorganization) that became effective on 31, December, 2001. The reorganization was accomplished through a merger of a newly-formed merger subsidiary into IR-New Jersey. IR-New Jersey, the surviving company, continues to exist as an indirect, wholly owned subsidiary of IR-Limited. IR-Limited and its subsidiaries continue to conduct the businesses previously conducted by IR-New Jersey and its subsidiaries. The reorganization has been accounted for as a reorganization of entities under common control and accordingly it did not result in any changes to the consolidated amounts of assets, liabilities and shareholders’ equity. The Company was organized in 1905 under the laws of the State of New Jersey as a consolidation of Ingersoll-Sergeant Drill Company and the Rand Drill Company, whose businesses were established in the early 1870’s. The Company is a leading provider of climate control, industrial solutions, infrastructure development and security and safety products. In each of these markets, the Company offers a diverse product portfolio that includes well-recognized industrial and commercial brands.

Climate Control

This Segment focuses on markets requiring refrigerant-gas compression technology and services to end users and to maintain a refrigeration cycle for protecting food and other perishables. Climate Control includes Thermo King and Hussmann. Hussmann experiences demand for its products in the third and fourth quarters of the year. This demand results from the customers’ seasonal construction cycles and the desire to complete stores prior to the year-end holiday season. Climate Control products include: Thermo King transport temperature control units for truck trailers, small trucks, seagoing containers and air conditioning for buses, and Hussmann refrigerated display cases for supermarkets, delicatessens and other commercial and institutional refrigeration applications.

Industrial Solutions

This sector is composed of a diverse group of businesses focused on providing solutions to enhance customers’ industrial efficiency. Industrial Solutions currently consists of the following business segments:
– Air and Productivity Solutions is engaged in the design, manufacture, sale and service of air compressors, microturbines, and industrial tools. It is comprised of Air Solutions and Productivity Solutions, and has been aggregated based primarily on the nature of products and services, and the nature of the production process.
– Dresser-Rand is engaged in the design, manufacture, sale and service of gas compressors, gas and steam turbines, and generators.

Infrastructure

This Segment supplies products and services for all types of construction projects, industrial and commercial development, and golf and utility vehicles. Products include Bobcat compact equipment, Blaw-Knox and ABG pavers, Ingersoll-Rand compactors, drilling equipment and portable power products, and Club Car golf and utility vehicles. On 19, February, 2004, the Company announced that it has agreed to sell its Drilling Solutions business unit to Atlas Copco AB, for approximately $225 million. The transaction, which is expected to be completed in the second quarter of 2004, is subject to regulatory approvals. The Drilling Solutions business manufactures drilling equipment and accessories for the worldwide construction, mining, quarrying, and water-well drilling industries. It had 2003 revenues of approximately $300 million and employs approximately 950 people.

Security and Safety

This Segment manufactures and markets architectural hardware and access-control products and services to customers seeking to enhance productivity and security for residential, commercial and institutional buildings. The products include locks and locksets, door closers, exit devices, steel doors and frames, power-operated doors, architectural columns and biometric and electronic access control technologies.

SERCURITY DELITION

On July 7, 2009, the Company’s common stock was delisted from the New York Stock Exchange.

Formed through a merger between Ingersoll-Sergeant Drill Company and Rand Drill Company

Business Line
Engaged in the manufacture of climate control, industrial, compact vehicle, construction, and security products
Subsidiary
A-S AIR CONDITIONING SYSTEM (SHANGHAI) CO LTD
Advisor
PRICEWATERHOUSECOOPERS LLP
IPO date
10/10/1906
US SIC Code
3569
Company Address
Clarendon House
2, Church Street
City province or state postal code
HM 11, HAMILTON
Phone: +1 441 295 2838
Fax:
Country address: BERMUDA
Website url: www.ingersollrand.com