Ingersoll-Rand acquires Thermocold Costruzioni S.r.l.
August 31, 2017
Ingersoll-Rand plc has acquired Thermocold Costruzioni S.r.l. The company said that the acquisition strengthens its 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.
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.
Ingersoll-Rand did not disclose the cost of the acquisition and said the transaction would not impact its cash flow or earnings in 2017.