# 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.

- Type: Partnership
- Announced: 2019-01-24
- Status: announced
- Products: oil-free centrifugal chillers, magnetic bearing cooling equipment
- 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

- [magneticsmag.com](https://magneticsmag.com/joint-venture-plans-global-expansion-for-smardt-cooling-equipment-using-magnetic-bearing-technology/), 2019-01-24: "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."

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