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Ingersoll-Rand Completes Sale of Automation Division

22 December 1999

Ingersoll-Rand Completes Sale of Automation Division

    WOODCLIFF LAKE, N.J., Dec. 21 -- Ingersoll-Rand Company
today announced that it has completed the sale of its Automation
Division to Cinetic Automation Corp., a wholly owned U.S. subsidiary of Fives-
Lille Group, Montreuil, France.  Terms of the transaction were not disclosed.
    The Automation Division includes businesses engaged in developing
engineered systems for the automated assembly and production of vehicle
powertrains and for automated parts finishing and cleaning.  The division's
annual sales are approximately $110 million.
    "This divestiture is another step in our strategy to focus our businesses
in the global growth markets of security and safety, climate control,
infrastructure, and industrial productivity," said Herb Henkel, president and
chief executive officer of Ingersoll-Rand.
    Ingersoll-Rand is a major diversified industrial equipment and components
manufacturer.  Its product lines serve a wide range of industrial and
commercial markets worldwide.  The company employs approximately
47,000 people.  Further information on Ingersoll-Rand can be found on the
company's World Wide Web site at http://www.ingersoll-rand.com.