Subscribe to RSS - Ingersoll Rand

Ingersoll Rand

Growth prospects positive for IR spinoff Allegion

As a stand-alone entity, Allegion will have free cash flow of $150 to $200m solely for security
 - 
12/03/2013

DUBLIN, Ireland—Ingersoll Rand spinoff company, Allegion, is now an independent, pure play security company, “a $2 billion startup” with potential for continued growth in North America and big growth outside of North America, according to Allegion executives Dave Petratis and Tim Eckersley, as well as security analyst Jeff Kessler, who all spoke to Security Systems News.

NFC access control: cool and coming, but not close

 - 
09/25/2013

If the operative word for near field communications access control is “cool,” then the obvious question is: “Are we there yet?”

More news about IR spinoff; new president named

 - 
Wednesday, July 10, 2013

Ingersoll Rand on Monday announced that David Petratis will serve as CEO, president and chairman of it security spinoff, Allegion.

Ingersoll Rand offers $1.55 billion of senior notes

 - 
06/18/2013

SWORDS, Ireland—Ingersoll Rand announced this week that it has completed a $1.55 billion debt offering consisting of three tranches, maturing in 2019, 2023 and 2043.

Ingersoll Rand names planned $2 billion spinoff: Allegion

The name of the new publicly traded company—expected to be spun off later this year—reflects the allegiance between Ingersoll Rand and its customers
 - 
06/17/2013

SWORDS, Ireland—Ingersoll Rand, which previously said it planned to spin off its security products business at some point this year, today announced that Allegion will be the name of the new company and that it will have revenues of $2.05 billion.

IR to shed security business

McManus: If well capitalized, spinoff could benefit security integrators
 - 
12/12/2012

SWORDS, Ireland—Depending on how the new business is structured, conglomerate Ingersoll Rand’s decision to spin off its security products business could benefit integrators, Michael McManus, Imperial Capital managing director, told Security Systems News.

ASIS 2011: News and notes from the show floor

 - 
09/22/2011

ORLANDO, Fla.—There was plenty of news being made at ASIS 2011, which took place at the Orange County Convention Center Sept. 19-21. Below are some editor round-ups from ventured out onto the show floor to collect news and other goings-on.

Ingersoll Rand names Gary Michel president of Residential Solutions business

SSN Staff  - 
07/25/2011

SWORDS, Ireland—Ingersoll-Rand on July 21 announced the appointment of Gary Michel, a 26-year company veteran, as president of its Residential Solutions Sector, effective August 1. He replaces Steven Hochhauser, who is leaving the company to pursue other business opportunities.

ISC Solutions opens

 - 
11/04/2010

NEW YORK—The transformed ISC East, now called ISC Solutions, opened here with a new look and crowded aisles yesterday.

 

Was it a function of more people being at the show this year as opposed to last? Or was it the skinny aisles that gave the illusion that there were more people? The official audited numbers won’t be available for more than a month, according to Ed Nichols of event organizer Reed Exhibitions, but attendees who spoke to

Security Systems News

said it didn’t matter. They were pleased with the number and quality of people attending the event.