SEARCH

Ingersoll Rand set to acquire Thermocold Costruzioni

Ingersoll-Rand plc is to acquire Thermocold Costruzioni Srl, a privately held Italian company that manufactures and distributes HVAC systems and solutions for residential, commercial and industrial buildings in Europe.

Dave Regnery, president, commercial HVAC North America, Europe, Middle East and Africa, said: “Trane and Thermocold have been innovating new products and serving customers together for several years. This announcement is the next step in strengthening our portfolios to take advantage of the large market opportunity in Europe, and expanding distribution of Thermocold technologies to other parts of the world where demand is growing rapidly.”

One of Thermocold’s signature solutions includes the innovative multi-pipe HVAC system for high efficiency, simultaneous heating and cooling. This system recovers energy by shifting use from a separate boiler and chiller to one single, simplified multi-pipe unit that simultaneously delivers hot and chilled water. 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 due to significant lower energy use.

Thermocold president Giovanni Renna said: “Thermocold is pleased at the idea of being part of Ingersoll Rand. We know that with the support and investments from Trane and Ingersoll Rand, Thermocold can serve new and existing customers and distributors better than ever before.”

Thermocold operates from one location in Bari, Italy. The acquisition is expected to close subject to certain closing conditions and third party approvals.

 

8 February 2017

Comments

Already Registered?
Login
Not Yet Registered?
Register

HVR Awards 2019 entries open: celebrating a decade of excellence

The HVR Awards has been carrying the torch for innovation and excellence from across the HVAC field for 10 years, and now with entries now open for the landmark edition, you have the chance to be a part of it.

  01-Apr-2019

Pendred team joins Humidity Solutions

Humidity Solutions has welcomed three new team members, all of whom previously worked for humidification and water systems specialist Norman Pendred & Co....

  18-Apr-2019

LG - providing quality solutions to the solution providers….

LG is one of the prime suppliers of air conditioning equipment across the globe and is rapidly building its market share in the UK. Its reputation is growing as more and more customers select LG products ahead of the competition. One such customer is leading engineering consultancy, Cundall
  17-Apr-2019
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary