Ingersoll Rand, Garrett Motion Enter Multiyear Collaboration to Develop Oil-Free Compressor Technology
Ingersoll Rand (IR) and Garrett Motion (GTX) said Tuesday that they have agreed to a multiyear strategic partnership to develop next generation oil-free compressor technology for industrial air compression systems.Financial details related to the partnership were not provided.Initial products are slated to be introduced to select Ingersoll Rand customers in 2026, with a broader commercial rollout starting in 2027, according to a statement.Price: $73.17, Change: $-1.53, Percent Change: -2.05%