Today, there has been an important and exciting global business announcement, as Thermo King’s parent company Ingersoll Rand announced its planned changes to the Thermo King business model.
Effective from January 1st, 2020 Thermo King will no longer be a subsidiary company of Ingersoll Rand. Ingersoll Rand has confirmed plans to combine its Industrial businesses with the Gardner Denver organisation and create two standalone companies—one of which will be a global leader focused on climate control solutions for buildings, homes and transportation. This Climate Control company will be called Trane Technologies and is the future home for the Thermo King business.
As its new parent company, Trane Technologies will include the strategic go-to-market brands of Trane® and Thermo King®, and portfolio brands like Frigoblock®—connecting them all to act on climate challenges as a global sustainability innovator.
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