The Bobcat businesses manufacture and sell compact equipment, including skid-steer loaders, compact track loaders, mini-excavators and telescopic tool handlers; portable air compressors, generators, and light towers; general-purpose light construction equipment; and attachments. The businesses employ over 5,700 people worldwide. For 2006 Bobcat generated approximately $2.6 billion in revenue.

?EUR??,,????'??The sale of Bobcat, Utility Equipment and Attachments represents the last major action to transform our business portfolio to reposition Ingersoll Rand as a diversified industrial company,?EUR??,,????'?? said Herbert L. Henkel, chairman, president and chief executive officer.

?EUR??,,????'??We remain focused on driving growth and creating shareholder value through three strategic platforms serving global climate control, industrial and security markets. I am confident that these businesses will deliver consistent financial performance over the long term and across all phases of the economic cycle.

?EUR??,,????'??We are pleased that the Bobcat, Utility Equipment and Attachments businesses will join a major global organization intent on expanding its participation across worldwide construction and related markets.?EUR??,,????'??

?EUR??,,????'??Collectively, this transaction and the recent sale of our Road Development business in April 2007 will generate gross proceeds of more than $6.2 billion. As a result, we have created immediate value for our shareholders and unlocked significant capital to drive long-term growth?EUR??,,????'??

Source: Ingersoll-Rand