Ingersoll-Rand PLC

Ingersoll-Rand PLC Overview

Company Headquarters: Ireland

Founded: 1871

Workforce: 44,664

Company Working: Ingersoll-Rand PLC is a leading company in home and building automation. The company also works in enhancing commercial industry productivity, transporting food and perishables, deliver efficient and reliable transportation solutions. The company operates through two segments: climate and industrial. The climate segment delivers energy-efficient products and services. The segment offers heating and air conditioning, which provide heating, ventilation, and air conditioning (HVAC) systems, temperature control solutions and commercial and residential building services, parts, support, and controls. The industrial segment offers power tools, material handling systems, compressed air and gas systems, and services. The company sells these products under the following brand names: Club Car, Ingersoll Rand, Thermo King, Nexia, and Trane. In which Nexia and Trane provides home and office automation systems. The company sells its products in more than 100 countries in Europe, the Middle East, Asia, and the Americas.

Strategy

Ingersoll-Rand PLC follows both organic as well as inorganic strategies as they believe in company growth through innovations and diversity and inclusion which makes the company leader in the marketplace. The company has acquired several companies for accessing their services for its growth.

Company Snapshot

$13.3M

Revenue

44,664

Employees

1871

Founded

Ireland

Headquarters

SWOT Analysis

Strengths

Extensive geographic presence
Focus on innovation
Revenue performance

Weaknesses

High attrition rate in workforce

Opportunities

Increased demand for HVAC equipment
Inorganic growth strategy

Threats

Currency exchange rate fluctuations
Environmental Regulations
Competition pressures

Key Developments

Date	Approach	Development
January 2018	Acquisition	Ingersoll announced the acquisition of ICS Group Holdings Limited, a leading European temperature control and HVAC solutions provider. The ICS group will be getting benefit of Ingersoll’s market leadership, and Ingersoll will be benefited by the HVAC services of the ICS Group.
November 2017	Acquisition	Ingersoll completed the acquisition of CALMAC Corporation, a leading thermal energy storage company. After the acquisition, Ingersoll is positioned to offer customers even greater choices for managing energy and operating costs and capitalizing on the energy services market.
February 2017	Product Launch	Ingersoll’s smart home brand Nexia introduced a new line of indoor, outdoor HD cameras and flexible video storage plans. The new Nexia indoor camera delivers a 140-degree wide-angle field of view, in addition to high-quality (1920x1080, 4-megapixel sensor) video, and can be integrated with other Nexia-compatible product.

Product Offering

Ingersoll-Rand PLC
- Trane
- Nexia

Financial Performance

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