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Deal closed May 2022 · Global Verified

TICA completes acquisition of Smardt Chiller Group

TICA became the 100% shareholder of the global Smardt Chiller Group, an oil-free centrifugal chiller leader, and its chairman Jiang Li assumed the role of Executive Chairman of Smardt, succeeding founder Roger Richmond-Smith.

“TICA, now the 100% shareholder of global Smardt Chiller Group, announces the expansion of all of the global Smardt manufacturing facilities”

Entities

Smardt Chiller Group · Target TICA · Acquirer
HVAC

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