Trane Technologies agrees to acquire Cancoil
Bitget2026/10/21 20:34- Trane Technologies agreed to acquire Cancoil Thermal, a North American heat-transfer products manufacturer, to strengthen thermal management capabilities and supply chain resilience.
- The acquisition includes manufacturing operations in Ontario and Jacksonville, Texas, with more than 450 employees.
- Cancoil already supplies the buyer's chiller and airside businesses; it will continue serving existing customers.
- Completion is expected before year-end, subject to customary closing conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI trading concerns reignite: global bond markets see renewed safe-haven buying, funds flow back into U.S. Treasuries
Weakness in the stock market has triggered safe-haven buying, driving gains in US Treasuries, the Japanese yen, and the Swiss franc. Yields on US Treasuries have declined across the board, with the 30-year yield reaching its lowest level since late September.
Unafraid of the electric vehicle downturn: General Motors (GM.US) makes a bold bet on lithium-manganese-based batteries, wagering on the next generation of affordable electric vehicles
General Motors (GM.US) remains undeterred by the electric vehicle market downturn in recent years and is moving forward with a brand new EV project, aiming to launch a new battery-powered mainstream SUV in approximately three years.
WTI Price Forecast: Advances above mid-$98.00s as bullish setup backs additional gains
Abbott (ABT.US) Q3 revenue beats expectations but lowers full-year guidance; plans to spin off its nutrition business for listing
Abbott announced its third-quarter 2026 results on Wednesday. Meanwhile, the company revealed plans to spin off its nutrition business as a new independent publicly listed company.
Crypto prices
More
