SWORDS, Ireland--(BUSINESS WIRE)--
Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable,
sustainable and efficient environments, today announced the acquisition
of United Kingdom-based ICS Group Holdings Limited (ICS Cool Energy).
ICS Cool Energy will be part of the company’s Commercial Heating,
Ventilation and Air Conditioning (HVAC) business.
ICS Cool Energy is a privately owned temperature control and HVAC
solutions and services company that specializes in temporary rental of
energy efficient chillers for commercial and industrial buildings across
Europe. It also sells, permanently installs and services high
performance temperature control systems for all types of industrial
processes.
“ICS Cool Energy is a leader in the high margin rental services business
with a reputation for strong customer service, helping building owners
enhance productivity and reduce environmental impact,” said Dave
Regnery, executive vice president of Ingersoll Rand. “This acquisition
is a strong fit with our Trane business, and strengthens our growth
plans and ability to serve a broader range of customers in the important
European market.”
“We are excited to be part of Ingersoll Rand because of its market
leadership, strong values and commitment to customers,” said Simon West,
Group CEO for ICS Cool Energy. “Our track record of customer service,
our footprint and our capabilities in temporary rental services are
complementary to the Trane business. Together, we will create even
greater value for European customers.”
The company is headquartered in Southampton, England and has an
extensive footprint in the United Kingdom, France, Germany, the
Netherlands and Switzerland.
The financial terms of the deal were not disclosed and are not material.
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating
comfortable, sustainable and efficient environments. Our people and our
family of brands — including Club
Car®, Ingersoll
Rand®, Thermo
King® and Trane® —
work together to enhance the quality and comfort of air in homes and
buildings; transport and protect food and perishables; and increase
industrial productivity and efficiency. We are a $14 billion global
business committed to a world of sustainable progress and enduring
results. For more information, visit ingersollrand.com.
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Source: Ingersoll-Rand plc