S&P 500
01.12.2005 15:29:00
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Ingersoll Rand to Acquire Majority Interest in Shenzhen Bocom System Engineering Co. Ltd., a China-based Provider of Integrated Security Technologies and Services
Headquartered in Shenzen, with branch offices in Beijing andShanghai, Bocom System is the largest independent security-systemsintegration company in China. The business supplies security-systemsdesign, engineering, installation and integration, including expertisein video monitoring solutions for city and highway traffic, airports,government buildings and general surveillance.
"Bocom System continues the development of Ingersoll Rand's globalsecurity-systems portfolio, providing technologies, expertise, andrelated integration services while expanding our capabilities in alarge and growing market," said Herbert L. Henkel, chairman, presidentand chief executive officer of Ingersoll Rand. "In addition, Bocomrepresents an excellent fit with Ingersoll Rand's existing securitysolutions, and expands our global footprint to serve strategic globalcustomers in the People's Republic of China."
The business will operate as part of the Integrated SystemsSolutions business of Ingersoll Rand's Security Technologies Sector, aleading global provider of products and services that makeenvironments safe, secure and productive. The sector's market-leadingproducts include electronic and biometric access control systems; timeand attendance and personnel scheduling systems; mechanical locks andportable security; door closers and exit devices; steel doors andframes; architectural hardware; and technologies and services forglobal security markets.
Ingersoll Rand is a global provider of products, services, andintegrated solutions to industries as diverse as transportation,manufacturing, construction, and agriculture. The company brings tobear a 100-year-old heritage of technological innovation to helpcompanies be more productive, efficient, and innovative. Examplesinclude cryogenic refrigeration that preserves agricultural produceworldwide, biometric security systems for airports, corporations, andgovernment facilities, the efficient harnessing of air to drive toolsand factories, and versatile, compact vehicles for construction andefficient movement of people and goods. In every line of business,Ingersoll Rand enables companies and their customers to turn work intoprogress.
This news release includes "forward-looking statements" thatinvolve risks, uncertainties and changes in circumstances, which maycause actual results, performance or achievements to differ materiallyfrom anticipated results, performance or achievements. Political,economic, climatic, currency, tax, regulatory, technological,competitive and other factors could cause actual results to differmaterially from those anticipated in the forward-looking statements.Additional information regarding these risk factors and uncertaintiesis detailed from time to time in the company's SEC filings, includingbut not limited to its report on Form 10-Q for the quarter endedSeptember 30, 2005.
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