Trane Technologies to Acquire Cancoil

Trane Technologies (NYSE:TT), a global climate innovator, today announced it has entered into a definitive agreement to acquire Cancoil Thermal Corporation, a leading North American manufacturer of heat-transfer products.Founded in 1983 by Chander and Anju Datta and headquartered in Ontario, Canada…

Trane Technologies entered a definitive agreement to acquire Cancoil Thermal Corporation, a current supplier, with closing expected before year-end pending customary approvals. Terms were not disclosed.Material DetailsContext by AI AnalystThis is a mid-cycle tuck-in aimed at deepening vertical capa…