ACR-News
Know what you want? Try our 'Supplier Directory' 

Ingersoll Rand completes acquisition of Thermocold Costruzioni Srl

On 1st April Ingersoll-Rand completed its acquisition of Thermocold Costruzioni Srl.

The acquisition strengthens the company’s comprehensive portfolio of energy efficient, climate-friendly heating, ventilating and air conditioning (HVAC) products for buildings in Europe with opportunities to extend Thermocold technologies to other parts of the world. Thermocold operates from one location in Bari, Italy, and has a wide European distribution network.

President of the Commercial HVAC North America, Europe, Middle East and Africa strategic business unit (SBU) of Ingersoll Rand, Dave Regnery, said: “The completion of this acquisition marks another milestone in providing breakthrough solutions for building owners to achieve operating and sustainability goals. We have been jointly innovating and serving customers, and this is the next step in our relationship. This is an exciting day for employees and distribution partners; we look forward to the growth potential we have together.”

One of the signature Thermocold solutions is a multi-pipe HVAC system for high efficiency, simultaneous heating and cooling. This system repurposes rejected energy, or uses renewable energy, for heating the facility, delivering a more sustainable solution that reduces the amount of investment costs, use of floor space and total operating expenses. The multi-pipe system further contributes to lower the environmental footprint of a building due to significant lower energy use.

The company did not disclose the cost of the acquisition and indicated the transaction would not have a material impact on the company’s cash flow or earnings in 2017.

Comments

Already Registered?
Sign In
Not Yet Registered?
Register

Coronavirus industry update

In response to the Coronavirus pandemic, manufacturers, wholesalers and distributors are issuing statements regarding their operations as the situation evolves. The most up to date information from each company is listed below and is being updated ...

  25-Mar-2020
ACR News

How to run your business during lockdown

Our previous report about Coronavirus and how it is affecting different industries clearly showed that this crisis we are facing is going to have long-term impacts. For business owners, preparing for these impacts will certainly help secure a better ...

  31-Mar-2020

New Zanotti GM Wall Mounted Monoblock

AFR Refrigeration Ltd introduces the new GM range of through wall mounted monoblocks with refreshed modern appearance and upgraded touch style control panel keypad.
  28-Mar-2020
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News

Diary

6th IIR Conference on Sustainability and the Cold Chain
FETA Annual Lunch
Heat Pump Conference 2020
Cool Talks Breakfast Briefing
Cool Talks Breakfast Briefing