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Add-on acquisition Nov 2017 Verified

Trane (Ingersoll Rand) acquires energy-storage maker CALMAC Corp.

Trane, a brand of Ingersoll Rand, acquired CALMAC Corp., a privately held maker of IceBank thermal energy-storage tanks, integrating its cool-energy storage with Trane commercial HVAC systems.

“Trane®, a leading global provider of indoor comfort systems and services and a brand of Ingersoll Rand, announced that it has acquired CALMAC® Corp., a privately help company specializing in cool energy technologies including IceBank® storage tanks.”

Entities

CALMAC Corp. · Target Ingersoll Rand · Parent Trane · Acquirer
HVAC
Source: www.achrnews.com

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.