# Smardt Chiller Group and TICA Group form joint venture

Smardt Chiller Group has signed a joint venture with TICA Group, with TICA holding a controlling interest. The joint venture plans to accelerate development of oil-free centrifugal cooling solutions.

- Type: Partnership
- Announced: 2018-10-25
- Status: announced
- Products: oil-free centrifugal cooling systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

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

## Sources

- [en.cheaa.org](https://en.cheaa.org/channels/468_84.html), 2018-10-25: "TICA holds a controlling interest in the new joint venture, which plans to accelerate development of ..."

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