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Stock Market & Financial Investment News

News Breaks
July 14, 2014
09:34 EDTIRIngersoll-Rand view changed to Postivie from Neutral at OTR Global
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December 19, 2014
07:42 EDTIREPAM, WisdomTree added to Franchise Pick list at Jefferies
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December 11, 2014
08:21 EDTIRIngersoll-Rand shares should be bought into 2015, says Bernstein
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December 9, 2014
06:06 EDTIRIngersoll-Rand to acquire FRIGOBLOCK for EUR 100M
Ingersoll-Rand announced it has entered into an agreement to acquire FRIGOBLOCK for EUR 100M. The acquisition is expected to close in the first half of 2015, subject to regulatory approval. FRIGOBLOCK manufactures and designs transport refrigeration units for trucks and trailers in Europe, primarily sold in Northern Europe. FRIGOBLOCK operates in Essen, Germany and is home to about 150 employees. The company’s annual revenue is approximately EUR 41M. The company expects the business to be accretive to EPS, EBITDA margins and ROIC in its first full year of operation. Upon closing of the transaction, Ingersoll Rand will welcome the FRIGOBLOCK brand into the Ingersoll Rand family of brands and will become part of the Transport Solutions business, which goes to market as Thermo King and is consolidated within the company’s Climate Segment.

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