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Tag: Ingersoll Rand


Suppliers

Growth prospects positive for IR spinoff Allegion

December 3, 2013Martha Entwistle

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.“Allegion has done exceptionally well in the U.S. bringing multiple brands together in a situation where...

Allegion, Dave Petratis, Imperial Capital, Ingersoll Rand, Jeff Kessler, LCN, physical security, Schlage, SSN, Tim Eckersley


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General News

NFC access control: cool and coming, but not close

September 25, 2013Kenneth Z. Chutchian

If the operative word for near field communications access control is “cool,” then the obvious question is: “Are we there yet?”The answer is no.Despite limited rollouts that produced enthusiastic feedback from college students and other potential end users, the road toward widespread adoption of NFC-enabled smartphones being used for access control is full of detours and traffic lights. Some of the impediments are technological, some are about security and some are about when...

absco alarms, access control, Brad Wilson, dave holmes, debra spitler, eric slabaugh, HID Global, Identive Group, Ingersoll Rand, Jay Hauhn


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On The Editor's Desk

More news about IR spinoff; new president named

July 10, 2013Martha Entwistle

IR announced in December that it would spin off its security division, and earlier this month announced that the spin off would be called Allegion, On Monday announced that David Petratis will serve as CEO, president and chairman of it security spinoff, Allegion. Petratis, who will start his new job on Aug. 5, will join Allegion from Quanex Building Products, where he is currently CEO, president and chairman. Quanex, based in Houston, is a manufacturer of building products. IR CEO Michael Lamach...

Allegion, David Petratis CEO, Ingersoll Rand, security spinoff


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Suppliers

Ingersoll Rand offers $1.55 billion of senior notes

June 18, 2013SSN Staff

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.Proceeds from the sale will fund expenses related to the company's previously announced spinoff of its commercial and residential security businesses and to redeem the company's current debt. Ingersoll Rand, based here, announced Monday that the new security company—expected to be spun off later this year—will be called...

Allegion, Ingersoll Rand, IR Global


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Suppliers

Ingersoll Rand names planned $2 billion spinoff: Allegion

June 17, 2013Martha Entwistle, Tess Nacelewicz

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.“We're excited about the name,” Misty Zelent, a spokeswoman for Ingersoll Rand, based here, told Security Systems News. “It really represents the collaborative long-term relationships we have with customers and the team of experts...

Allegion, Barbara Santoro, Carol Cico, David Burritt, Ingersoll Rand, Kirk Hachigian, Luc Oursel, Michael Chesser, Michael Lamach, Misty Zelent


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On The Editor's Desk

Once IR spins off security division, will others follow?

June 12, 2013Martha Entwistle

Once IR spins off its security division, will others follow? Poking around some investor conference info recently, I came across this tidbit on Seeking Alpha “Stanley Black & Decker Chairman John Lundgren made an interesting revelation during his chat at the Electrical Products Group Conference yesterday. [The conference took place in late May]. The exec says the company will keep an eye on the spinoff from Ingersoll Rand of its security business to see if a similar move would make sense for...

Barbara Santoro, Brett D. Bontrager, Ingersoll Rand, John Lundgren, Nelson Peltz, Patrick Shannon, security spin off, Stanley Black & Decker, Stanley Security Solutions, Tyco


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Commercial

IR to shed security business

December 12, 2012Martha Entwistle

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.“From an operating company point of view, it will be interesting to see what kind of capitalization the parent company will spin off [the new stand-alone security company] with,” McManus said.The new entity's capital structure will...

Assa Abloy, Imperial Capital, Ingersoll Rand, Michael Lamach, Michael McManus, Misty Zelent, Trian Fund Management


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General News

ASIS 2011: News and notes from the show floor

September 22, 2011SSN Staff

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. Here's Martha's round-up: The ASIS news started rolling in well before the show floor opened with the news released around 7 a.m. yesterday that Tyco International plans to split into three independent, publicly traded companies. Over at the BRS Labs booth,...

AgentVI, Ajay Jain, Andre Greco, ASIS 2011, ASIS' Women in Security Group, Assa Abloy, Axis Communications, Bob Hoskins, BRS Labs, Clear24


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General News

Ingersoll Rand names Gary Michel president of Residential Solutions business

July 25, 2011SSN Staff

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. Since 2007, Michel has been chief executive officer of Ingersoll Rand's Club Car business. In his new role, he will report to Michael Lamach, chairman, president and chief executive officer and be a member of the company's...

Gary Michel, Ingersoll Rand


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General News

ISC Solutions opens

November 4, 2010Martha Entwistle

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...

ADT, Aiphone, AMAG, Assa Abloy, CMS, David Gottlieb, Digital Watchdog, Door King, Ed Nichols, Ed Several


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