May 19, 2017
Ingersoll-Rand plc has completed the acquisition of Thermocold Costruzioni S.r.l. The company said that the acquisition strengthens its portfolio of energy efficient, climate-friendly 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.
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. According to the company, the multi-pipe system further contributes to lower the environmental footprint of a building due to significantly lower energy use.
Ingersoll-Rand did not disclose the cost of the acquisition and said the transaction would not impact its cash flow or earnings in 2017.