Company History

Historical photo of Ingersoll Rand Air Compressor

With a history dating back to 1871, Ingersoll Rand and its family of brands represent a proven history in construction and mining, industrial and commercial markets.

Through acquisitions, innovations and customer focus, today's Ingersoll Rand offers market-leading solutions and services that enable customers to create progress through a variety of industries and markets that touch everyday life.

Take a journey into Ingersoll Rand history by selecting a year in our timeline.

1800

1871

  • Simon Ingersoll’s steam-powered rock drill is patented
  • Ingersoll Rock Drill Company is formed

1872

  • Rand & Waring Drill & Compressor Company is formed

1879

  • Rand & Waring changed to Rand Drill Company

1888

  • Ingersoll Rock Drill Company merges with Sergeant Drill Company to form Ingersoll-Sergeant Drill Company

1894

  • WR Grace named president of Ingersoll-Sergeant

1896

  • J. George Leyner invents the hammer drill

1900

1902

  • Type X portable compressor line is introduced by Rand

1904

  • Panama Canal is started using Ingersoll-Sergeant drills

1905

  • Merger of Ingersoll-Sergeant Drill Company and Rand Drill Company to form Ingersoll-Rand Company.

1906

  • William Saunders becomes first president of Ingersoll-Rand

1907

  • Imperial Pneumatic Tool is acquired

1909

  • A.S. Cameron Steam Pump Works is acquired

1912

  • Jackhammer drill is invented (Tradename:  Jackhammer)

1912

  • J.G. Leyner Engineering Works Company is acquired

1913

  • William Saunders becomes Ingersoll-Rand’s first Chairman

1925

  • Develops first commercially successful diesel electric locomotive engine; first diesel electric locomotive sold to Central Railroad of New Jersey

1927

  • Provides jackhammer drills and air compressors for work on Mount Rushmore

1934

  • First air-powered Impactool introduced

1936

  • George Doubleday elected chairman

1942

  • The Company is recognized for its wartime contributions with the coveted Army-Navy “E” Award

1948

  • The Quarrymaster is introduced; known as the first modern self-contained, mobile, air-powered rock drill for large-diameter blast holes

1954

  • World’s first atomic-powered submarine is equipped with Ingersoll-Rand boiler-feed pumps and compressors

1955

  • Downhole drill is introduced

1955

  • Daniel C. Keefe elected chairman of the board

1959

  • Robert Johnson elected chairman

1967

  • William L. Wearly elected chairman

1968

  • The Torrington Company manufacturer of bearings and motion control products, is acquired

1968

  • Centac air compressor is introduced

1972

  • Company executive offices move from NYC to Woodcliff Lake, New Jersey

1974

  • Acquires Schlage Lock Company

1977

  • Builds the world’s fastest rescue drill for the South African Chamber of Mines

1980

  • Thomas A. Holmes elected chairman

1982

  • High speed centrifugal pump introduced

1986

  • Ingersoll-Rand and Dresser Industries form Dresser-Rand

1987

  • The Company re-enters China through joint venture with Xuanhua Pneumatic Machinery Limited

1988

  • Theodore H. Black becomes Chairman

1990

  • The ARO Corporation is acquired

1993

  • James E. Perrella elected Chairman

1995

  • Acquires Clark Equipment Company, including Bobcat, Club Car and Blaw-Knox

1996

  • Steelcraft, manufacturer of steel doors and frames, is acquired

1996

  • Zimmerman International Corporation, manufacturer of ergonomic material handling systems, is acquired

1997

  • Acquires Newman Tonks, European producer of architectural hardware

1997

  • Thermo King, manufacturer of transport refrigeration equipment, is acquired

1999

  • Harrow Industries, is acquired, including Locknetics (electronic security products). Recognition Systems (biometric security).  Ives and Broadway (architectural hardware and bath fixtures.)

 

2000

2000

  • Herbert L. Henkel elected chairman

  • Acquires 100% ownership of Dresser-Rand

  • Hussmann, manufacturer of stationary refrigeration equipment, is acquired

  • Acquires Interflex, provider of time and attendance, scheduling and security systems

  • Superstav, Czech Republic-based manufacturer of compact equipment, is acquired

2001

  • Kryptonite Corporation manufacturing of portable security products, is acquired

2003

  • Completes sale of Torrington

2004

  • Completes sale of Drilling Solutions and Dresser-Rand

2005

  • Acquires CISA, ITO and SuperRay

  • Acquires majority interest in Shenzhen Bocom System Engineering Co. Ltd., a China-based provider of Integrated Security Technologies and Services

  • Acquires Dolphin Electromagnetic Technologies, an India-based Provider of Integrated Security Technologies and Services

  • Acquires Astrum GmbH, a Leading Developer of Personnel Scheduling and Management Software and Services

  • Acquires United States Distribution Rights for Tramac Branded Hydraulic Breakers

  • Establishes a Joint Venture for the Manufacture and Distribution of Door Locks with Taiwan Fu Hsing Industrial Co.

2006

  • Celebrates 100 Years of Trading on the New York Stock Exchange

  • Acquires Geith International, an Ireland-based Equipment Attachments Manufacturer

  • Acquires the Global Low-Pressure Air Business of BOC Edwards

  • Acquires ZEKS Compressed Air Solutions, a Leading North American Provider of Compressed Air Treatment Technologies

2007

  • Acquires Remaining Interest of Instrum Rand

  • Sells its Road Development Business Unit for $1.3 Billion to AB Volvo

  • Signs an agreement to purchase privately owned Officine Meccaniche Industriali srl (OMI), a leading European provider of compressed-air treatment equipment

  • Sells its Bobcat, Utility Equipment and Attachments Business Units for $4.9 Billion to Doosan Infracore

  • Announces definitive agreement to acquire Trane Inc. (formerly American Standard Companies) in a transaction valued at approximately $10.1 billion

2008

  • Completes acquisition of Trane Inc., a global leader in indoor climate control systems, services and solutions in a transaction valued at approximately $10.1 billion

2009

  • Mike Lamach is named Chief Operating Officer and President

2010

  • Mike Lamach is elected Chairman of the Board
  • Herb Henkel retires
  • Mike Lamach becomes Chief Executive Officer and President

2011

  • Completed the sale of a 60 percent stake in the Hussmann business

2012

2013

  • Ingersoll Rand completes the spinoff of its security hardware sector into a standalone business named Allegion

2014

  • Ingersoll Rand announces Global Climate Commitment to reduce greenhouse gas emissions from its products and operations by 2030 at Clinton Global Initiative (CGI) Annual Meeting and United Nations Climate Summit

2015

  • Ingersoll Rand creates the EcoWise™ portfolio of products for its climate and industrial refrigerant-bearing products that are designed to lower environmental impact with next generation, low global warming potential (GWP) refrigerants and high efficiency operation.

2016

2017