A HAMPSHIRE based cooling and air conditioning company has been purchased by Irish industrial manufacturing giant Ingersol-Rand.
ICS Cool Energy, which has its HQ in Totton, specialises 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.”
Trane is a Dublin-based manufacturer of heating, ventilation and air-conditioning systems.
“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.”
ICS, founded 30 years ago, has an annual turnover of £50m employs 270 staff in the United Kingdom, France, Germany, the Netherlands and Switzerland.
The financial terms of the deal were not disclosed.
The Totton firm will continue to trade as ICS.
Source: Daily Echo