Trane Technologies agrees to acquire Cancoil
Bitget2026/10/21 20:34- Trane Technologies agreed to acquire Cancoil Thermal, a North American heat-transfer products manufacturer, to strengthen thermal management capabilities and supply chain resilience.
- The acquisition includes manufacturing operations in Ontario and Jacksonville, Texas, with more than 450 employees.
- Cancoil already supplies the buyer's chiller and airside businesses; it will continue serving existing customers.
- Completion is expected before year-end, subject to customary closing conditions.
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