PR99596

MELBOURNE, Australia, March 1, 2023 /PRNewswire=KYODO JBN/ --

In March 2023, the new Ingersoll Rand (hereinafter referred to as "Ingersoll

Rand"), a company created through the merger of then Gardner Denver and

Ingersoll Rand Industries, will celebrate its third anniversary. Ingersoll Rand

Inc. (NYSE:IR) is a global provider of mission-critical flow creation and

industrial solutions, with the business covering air compressors, pumps,

blowers and power tools, as well as fluid management and material lifting

systems among other products. Over the past three years, Ingersoll Rand has

been steadily developing the business and market layout, creating value for

customers as guided by the concept of sustainable development.

Expanding Brand Matrix and Business Capabilities

In the past three years, Ingersoll Rand acquired more than 20 companies or

businesses that are highly related or complementary to its own business. With

recent acquisitions including SPX FLOW's Air Treatment Business, Seepex, Hydro

Prokav and Hanye, Ingersoll Rand continues to accelerate its growth and deliver

on its commitment to advance digitalization capabilities, aftermarket growth

and complementary technology and innovation efforts.

As a leading manufacturer of reliable and energy efficient compressed air dryer

and filtration equipment that helps increase production and process

reliability, SPX FLOW's Air Treatment Business, owner of renowned brands like

Hankison and Jemaco, continues Ingersoll Rand's strategy of expanding product

offerings in the broader compressor ecosystem.

Seepex is a world-leading manufacturer of progressive cavity pumps, a segment

of positive displacement pumps that primarily serve the water, wastewater, food

and beverage, and chemical end markets. The additions of Holtec, Hanye and

Hydro Prokav advance Ingersoll Rand's inorganic growth strategy and demonstrate

its commitment to disciplined inorganic growth in adjacent products and

geographies. The acquisitions will expand the company's air treatment

capabilities and enhance its progressive cavity pump market penetration.

Adhering to Sustainable Development for an All-win Situation

While expanding its business, Ingersoll Rand formulates and implements its

sustainable development goals and strategic planning, promising to reduce

greenhouse gas emissions generated during production and operation by 60% by

2030 and become carbon neutral by 2050. These goals are also an important part

of Ingersoll Rand's ESG strategy.

The concept of sustainable development runs through Ingersoll Rand's operations

and customer value globally. Ingersoll Rand's first factory using renewable

energy is the Wujiang Factory in Suzhou, China. The facility's 75,000 m2 roof

was converted into a solar power system to provide power for production. From

2020 to late 2022, Ingersoll Rand has successfully completed eleven solar

installation projects including the newest completed solar project in the

Schopfheim plant in Germany. As a result, the plants' environmental impact has

been significantly reduced, while the operating costs are decreasing year by

year.

Ingersoll Rand is widely recognized for its sustainable development practices

and performance. In 2022, Ingersoll Rand was named to the Sustainability

Yearbook 2022, S&P Global's annual and comprehensive listing, ranking within

the top 15% of its industry category, Machinery and Electrical Equipment, and

was distinguished as an "Industry Mover". In the American Business Awards 2022,

Ingersoll Rand won three Stevie Awards for its growth achievements.

Since 2020, Ingersoll Rand's business has been growing faster than the market

average thanks to Ingersoll Rand Execution Excellence (IRX), the execution

engine based on simple processes that drive a high-performance culture while

instilling Ingersoll Rand's values and allowing execution of the strategic

areas of focus in self-directed work teams.

Adhering to the company purpose of "Lean on us to make life better" and

upholding the sense of ownership, Ingersoll Rand, with full confidence and a

pragmatic and humble attitude, will continue to grow in the ever-changing and

upgrading market environment.

About Ingersoll Rand Inc.

Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and

ownership mind-set, is dedicated to helping make life better for our employees,

customers and communities. Customers lean on us for our technology-driven

excellence in mission-critical flow creation and industrial solutions across

40+ respected brands where our products and services excel in the most complex

and harsh conditions. Our portfolio of products consists of air compressors,

pumps, blowers, and systems for fluid management, loading and material handling

as well as power tools. With over 16,000 employees globally, our team develops

customers for life through their daily commitment to expertise, productivity

and efficiency.  For more information, visit www.IRCO.com.

SOURCE:  Ingersoll Rand

Image Attachments Links:

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   Caption: Some of the Businesses Acquired Recently by Ingersoll Rand

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   Caption: Ingersoll Rand's 2030 & 2050 Environmental Goals

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   Caption: Ingersoll Rand Sustainability Strategy