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TICA takes majority stake in Smardt to form TICA-Smardt joint venture · Endata

◂ Announcements

Oct 12, 2018PARTNERSHIPMontreal, Canada, Canada

TICA takes majority stake in Smardt to form TICA-Smardt joint venture

Chinese air conditioning manufacturer TICA has taken a majority stake in Smardt Chiller Group, forming TICA-Smardt joint venture to develop oil-free chiller and air handling solutions globally.

Status

Announced

Productsoil-free centrifugal chillersair handling units

CompaniesTICA investor Smardt Chiller Group partner

Sectors#HVAC and Industrial Refrigeration

“Chinese air conditioning manufacturer TICA has taken a majority stake in the Montreal-based Smardt Chiller Group to form TICA-Smardt.”coolingpost.com

1 source
coolingpost.comSmardt enters JV with Chinese group - Cooling PostNeil EverittOct 12, 2018

Summarized from public sources; check the original articles before acting on it.

More from TICA

May 11, 2022ACQUISITION
TICA completes acquisition of Smardt Chiller Group
TICA acquirer Smardt Chiller Group target acr-news.com hvacrnews.com.au refindustry.com
Aug 20, 2020ACQUISITIONOlgiate Olona, Italy$1.00M
TICA acquires Sebigas in Italian renewables market
TICA acquirer Sebigas target energia-plus.it
Jan 19, 2020ACQUISITIONMilan, Italy
Chinese Tica acquires Italy-based Exergy ORC technology specialist
EXERGY target Maccaferri Industrial Group partner powerprogress.com
Jan 24, 2019PARTNERSHIP
Smardt and TICA form joint venture for chiller expansion
TICA partner Smardt Chiller Group partner magneticsmag.com
Oct 25, 2018PARTNERSHIP
Smardt Chiller Group and TICA Group form joint venture
TICA partner Smardt Chiller Group partner en.cheaa.org
Oct 11, 2018ACQUISITIONNanjing, China (signing location), China
TICA acquires SMARDT, global leader in magnetic bearing chillers
TICA acquirer SMARDT target news.tom.com

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