# Trane Technologies acquires majority stake in MTA from Chequers Capital

Trane Technologies acquired a majority stake in MTA, an Italian leader in process cooling, air conditioning, and compressed air and gas treatment solutions, from Chequers Capital. MTA recorded sales of over €100 million in 2022.

- Type: Acquisition
- Announced: 2023-07-12
- Where: Padua, Italy
- Status: completed
- Products: process cooling solutions, air conditioning systems, compressed air and gas treatment equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Chequers Capital](https://endata.com/companies/6237.md) (partner)
- [Trane Technologies](https://endata.com/companies/6465.md) (acquirer)
- [MTA SpA](https://endata.com/companies/25196.md) (target)

## Sources

- [mergers-alliance.com](https://www.mergers-alliance.com/ethica-group-advised-mta-on-its-sale-to-trane-technologies/), 2023-07-12: "MTA has achieved outstanding results thanks to its strong industrial know-how, sustained innovation, commercial dynamism supported by high quality managers and the perfect execution of the value creation plan."

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