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Oct. 14, 2009: Ingersoll Rand Forms Climate Solutions Sector

October 14, 2009
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SWORDS, Ireland - Ingersoll Rand plc has announced the formation of its Climate Solutions Sector, which includes the commercial HVACR brands Trane, Hussmann, and Thermo King. Didier Teirlinck, formerly president of the Climate Control Technologies Sector, will be president of the new Climate Solutions Sector.

“By aligning the Trane, Hussmann, and Thermo King businesses and brands, we will be offering our customers superior HVACR and transport refrigeration solutions, especially in the areas of reliability, energy efficiency, and sustainability,” said Herbert L. Henkel, chairman and CEO of Ingersoll Rand. “The Climate Solutions Sector will promote rapid innovation to help customers achieve more cost effective and energy efficient systems and solutions to help improve their business performance.”

According to the company, by pulling together HVACR, the Climate Solutions Sector can have a very large impact on its customers’ businesses by addressing more than 50 percent of their energy use and improving the quality of their operations. The sector has an accredited energy services company (ESCO), employs more than 500 Leadership in Energy and Environmental Design (LEED) certified engineers, and offers a wide variety of energy efficient products, services, and solutions in HVACR and transport refrigeration.

“The formation of the Climate Solutions Sector, and the previously announced formation of our Residential Solutions Sector, are important milestone events in the overall integration of the former Trane business with Ingersoll Rand,” said Mike Lamach, president and chief operating officer of Ingersoll Rand. “These organizational changes are consistent with Ingersoll Rand’s strategy to become a more customer-focused enterprise capable of driving higher organic growth rates into the future. At the same time, these changes create a more efficient and integrated operational footprint designed to deliver sustained 5 percent productivity performance improvement.”

Effective with reporting fourth quarter 2009 results, the company’s four segments will be Climate Solutions, which includes the Trane Commercial Systems, Hussmann, and Thermo King businesses; Residential Solutions, which includes its residential HVAC and residential security businesses; Security Technologies, which includes commercial security businesses; and Industrial Technologies, which includes Air and Productivity Solutions and Club Car.

For more information, visit www.ingersollrand.com.

Publication date: 10/12/2009

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