# 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.

- Type: Partnership
- Announced: 2018-10-12
- Where: Montreal, Canada, Canada
- Status: announced
- Products: oil-free centrifugal chillers, air handling units
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [TICA](https://endata.com/companies/34832.md) (investor)
- [Smardt Chiller Group](https://endata.com/companies/34856.md) (partner)

## Sources

- [coolingpost.com](https://www.coolingpost.com/world-news/smardt-enters-jv-with-chinese-group/), 2018-10-12: "Chinese air conditioning manufacturer TICA has taken a majority stake in the Montreal-based Smardt Chiller Group to form TICA-Smardt."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.