Ingersoll gets more serious with security
If you can believe it, Ingersoll-Rand is selling off one of its signature lines: Bobcat. That along with some utility equipment and attachments products, generated $2.6 billion for I-R in 2006, but they've been sold to the Korean firm Doosan Ifracore for $4.9 billion (it made their stock jump, too). That should provide some cash for the company to focus on "global climate control, industry and security." Maybe another big integrator buy is in the works? The company is only about a year removed from a big redesign and refocus of its brand, which included new trucks for all of its integrator firms (see here). Worth watching, I'd say.