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Ingersoll Rand acquires ICS

Ingersoll Rand has announced its acquisition of UK-based ICS Group Holdings (ICS Cool Energy). ICS Cool Energy will be part of the company’s Commercial Heating, Ventilation and Air Conditioning business.

ICS Cool Energy has been acquired by Ingersoll Rand.

ICS Cool Energy, a privately owned temperature control and HVAC solutions and services company, specialises in temporary rental of energy efficient chillers for commercial and industrial buildings across Europe. It also sells, permanently installs and services high performance temperature control systems for all types of industrial processes. 

Dave Regnery, executive vice president of Ingersoll Rand, said: “ICS Cool Energy is a leader in the high margin rental services business with a reputation for strong customer service, helping building owners enhance productivity and reduce environmental impact. 

“This acquisition is a strong fit with our Trane business, and strengthens our growth plans and ability to serve a broader range of customers in the important European market.” 

Simon West, group chief executive for ICS Cool Energy added: “We are excited to be part of Ingersoll Rand because of its market leadership, strong values and commitment to customers.

“Our track record of customer service, our footprint and our capabilities in temporary rental services are complementary to the Trane business. Together, we will create even greater value for European customers.” 

ICS Cool Energy is headquartered in Southampton and has an extensive footprint across the UK, France, Germany, the Netherlands and Switzerland.  

 

22 January 2018

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