Smardt and TICA form joint venture for chiller expansion

Smardt Chiller Group and TICA Group formed a joint venture to increase manufacture and sales of Smardt's magnetic-bearing chillers in Asia and globally, with TICA holding a controlling interest.

“TICA holds a controlling interest in the new joint venture, which plans to accelerate development of comprehensive oil-free solutions in its key global markets.”magneticsmag.com

• 1 source
• magneticsmag.comJoint Venture Plans Global Expansion for Smardt Cooling Equipment Using Magnetic Bearing Technology - Magnetics MagazineEditorial StaffJan 24, 2019

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