Ingersoll Rand Inc. (NYSE: IR) and Garrett Motion (NASDAQ: GTX) announced a multiyear strategic partnership to develop oil-free air compression technology for industrial applications, particularly targeting food and beverage and life sciences sectors.

The collaboration combines Ingersoll Rand's compression technology expertise with Garrett Motion's oil-free centrifugal compressor modules. The partnership aims to create solutions that reduce energy consumption and improve operational efficiency in applications requiring oil-free air.

"This collaboration reflects our continued focus on delivering differentiated solutions that create superior value for our customers," said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand. "By working closely with Garrett Motion, we are strengthening our ability to innovate at the system level and address markets where performance, purity, and efficiency are non-negotiables."

Olivier Rabiller, chief executive officer and president of Garrett Motion, stated the partnership would "bring lower lifecycle costs and increased sustainability to operations in the industrial space" through the company's oil-free high speed compressor technology.

Initial products are scheduled for introduction to select Ingersoll Rand customers in 2026, with broader commercial availability beginning in 2027 across Ingersoll Rand's global sales regions.

Ingersoll Rand provides industrial and life science solutions, while Garrett Motion specializes in turbocharging and electrification technologies for mobility and industrial applications. Garrett operates six research and development centers and 13 manufacturing facilities with more than 8,700 employees across 20 countries.

The information is based on a company press release.