Thermo King Corporation, based in the Minneapolis suburb of Bloomington, Minnesota and a unit of Ingersoll Rand Company Limited, is a manufacturer of transport temperature control systems for trucks, trailers, shipboard containers, and railway cars as well as HVAC systems for bus, shuttle, and passenger rail applications. Thermo King also manufactures the highly successful "TriPac" hybrid auxiliary idle reduction and temperature management system for truck cabs.
In 1997, Ingersoll Rand acquired Thermo King from Westinghouse for $2.56 billion in cash, 13 times earnings and added it to its Climate Control Technologies (later Climate Solutions) businesses, alongside Trane and Hussmann. At the time Thermo King controlled close to half the global market for refrigeration equipment. Thermo King is a subsidiary of Trane Technologies.
Subject ID: 13713
MoreThermo King Corporation, based in the Minneapolis suburb of Bloomington, Minnesota and a unit of Ingersoll Rand Company Limited, is a manufacturer of transport temperature control systems for trucks, trailers, shipboard containers, and railway cars as well as HVAC systems for bus, shuttle, and passenger rail applications. Thermo King also manufactures the highly successful "TriPac" hybrid auxiliary idle reduction and temperature management system for truck cabs.
In 1997, Ingersoll Rand acquired Thermo King from Westinghouse for $2.56 billion in cash, 13 times earnings and added it to its Climate Control Technologies (later Climate Solutions) businesses, alongside Trane and Hussmann. At the time Thermo King controlled close to half the global market for refrigeration equipment. Thermo King is a subsidiary of Trane Technologies.
Subject ID: 13713
Subject ID: 13713