Ingersoll Rand to sell global road development biz to Volvo

New Delhi, Feb 27 (UNI) Ingersoll Rand India Ltd today said its US-based parent Ingersoll Rand Company, has decided to sell its global road development business to leading truck maker Volvo Construction Equipment AB.

In India, the sale of the road development business, which forms part of the construction technologies segment, will take place after necessary legal formalities including consent from the Board of Directors as well as the members of the company are obtained as per statutes.

UNI