# TICA completes acquisition of Smardt Chiller Group

TICA, the 100% shareholder of Smardt Chiller Group, has completed the acquisition of Smardt and announced expansion of all global Smardt manufacturing facilities to support its oil-free centrifugal chiller market presence.

- Type: Acquisition
- Announced: 2022-05-11
- Status: completed
- Products: oil-free centrifugal chillers
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

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

## Sources

- [acr-news.com](https://www.acr-news.com/tica-completes-smardt-acquisition), 2022-05-11: "we are very excited to renew the global growth of Smardt, whose strategic fit with TICA is symbiotic in terms of their shared focus on energy efficiency as well as complementary products, global market reach and global manufacturing footprint."
- [hvacrnews.com.au](https://hvacrnews.com.au/business/boost-for-oil-free-chillers-as-tica-acquires-smardt/), 2022-05-11: "We are very excited to renew the global growth of Smardt, whose strategic fit with TICA is symbiotic in terms of their shared focus on energy efficiency as well as complementary products, global market reach and global manufacturing footprint."
- [refindustry.com](https://refindustry.com/news/tica-completes-its-acquisition-of-smardt-chiller-group/), 2022-05-11: "We are very excited to renew the global growth of Smardt, whose strategic fit with TICA is symbiotic in terms of their shared focus on energy efficiency as well as complementary products, global market reach and global manufacturing footprint."

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