# IHC signs agreement to acquire PAL Cooling Holding

International Holdings Company (IHC) signed an Implementation agreement to acquire PAL Cooling Holding LLC, subject to final shareholders and regulatory approval. The acquisition involves a share-swap arrangement.

- Type: Acquisition
- Announced: 2019-02-21
- Where: Abu Dhabi, United Arab Emirates
- Status: announced
- Products: district cooling
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [International Holdings Company](https://endata.com/companies/37503.md) (acquirer)
- [PAL Cooling Holding](https://endata.com/companies/37504.md) (target)

## Sources

- [dubaiprnetwork.com](https://www.dubaiprnetwork.com/business-news/136642-international-holdings-company-ihc-marks-major-strengthening-and-diversification), 2019-02-21: "The acquisition sees IHC enter one of the region’s core utility sectors, with attractive margins and high growth potential."

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