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Daikin Applied Acquires Modular Comfort Systems to Strengthen HVAC Solutions in New York
... of customized HVAC solutions serving upstate New York. The acquisition aims to enhance HVAC system efficiency and sustainability, aligning with New York’s evolving regulations focused on reducing energy use and carbon e...
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Industrial Gases Market to Grow by USD 31.1 Billion (2025-2029)
...oduction facilities and an increasing number of mergers and acquisitions (M&A) are key drivers of this growth. However, challenges related to gas distribution and handling systems remain. Market Drivers Industrial ga...
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Sylvester & Cockrum Acquires Lowry Mechanical
... in HVAC, plumbing, and specialty fabrication services. The acquisition supports S&C’s growth strategy, enhancing its presence in the Carolinas and surrounding areas. Lowry Mechanical, founded in 1978, has built a so...
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Swegon Acquires American Geothermal
...ss in North America and complete our BlueBox offering. This acquisition marks a milestone in our strategy to increase our presence in North America,” said Andreas Örje Wellstam, CEO of Swegon Group. “In addition, we are ...
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Modine Reports Q3 Fiscal 2024 Results, Driven by Strong Data Center Sales
...cooling demand and contributions from the Scott Springfield acquisition. Modine Manufacturing Company, a global provider of thermal management solutions, has reported its financial results for the third quarter of fiscal...
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Cold Chain Market in Europe to grow by USD 76.8 Billion (2024-2028)
.... The industry also requires substantial investment in land acquisition, infrastructure, licensing, utilities, cooling machinery, and ongoing maintenance. Additionally, strict regulations governing temperature-controlled...
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Carrier Reports Strong Growth in 2024, Provides Optimistic 2025 Outlook
... same period in 2023. Organic growth accounted for 6%, with acquisitions and divestitures contributing the remaining 13%. Adjusted earnings per share (EPS) for the quarter rose 50% to $0.54, while adjusted operating marg...
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Canada Cartage to Acquire Walmart Fleet ULC in Strategic Expansion
...eet ULC, the transportation division of Walmart Canada. The acquisition strengthens Canada Cartage’s fleet outsourcing capabilities while allowing Walmart Canada to focus on its retail growth strategy. Walmart Fleet ULC,...
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Hilmersson of Kristianstad Joins Nordic Climate Group
...ts presence in Sweden’s Skåne and Blekinge regions with the acquisition of Hilmersson El & Kyl, based in Kristianstad with a branch in Sölvesborg. The company specializes in service and repairs for cooling systems, h...
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Gradient Names Patrick Bischoff as CEO
...revenue growth from $500,000 to $30 million, leading to its acquisition by Wärtsilä Corporation. Dr. Vince Romanin expressed confidence in Bischoff’s leadership, noting, "Patrick's deep expertise in scaling climate tech ...
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Lennox Reports Strong 2024 Financial Results and Issues 2025 Guidance
...ncrease, with core revenue up 22%, including 1% growth from acquisitions. Operating income reached a record $245 million, up 32%, while GAAP diluted earnings per share (EPS) rose to $5.52. Adjusted diluted EPS increased ...
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Vertical Cold Storage Acquires Frozen Distribution Facility Near Port of Savannah
...xpanded its network in the Southeast United States with the acquisition of a frozen distribution center in Pooler, Georgia, near the Port of Savannah. The facility strengthens the company’s capacity to handle temperature...