ICS Cool Energy bought by US HVAC builders Ingersoll Rand

ICS Group Holdings, the owner of ICS Cool Energy, has been bought by US firm Ingersoll Rand, a specialist in HVAC systems.

Dave Regnery, executive Vice-President of Ingersoll Rand, said: “ICS Cool Energy is a leader in the high margin rental services business with a reputation for strong customer service, helping building owners enhance productivity and reduce environmental impact. This acquisition is a strong fit with our Trane business, and strengthens our growth plans and ability to serve a broader range of customers in the important European market.”

Steve Taylor, ICS Cool Energy Supply Chain Director, said: “We plan to retain our locations and sales and service structure for the foreseeable future. And, our teams will continue to provide service to you as they have for many years in the past."

The acquisition of ICS Cool Energy provides Ingersoll Rand an investment in the European market, with a developed partnership in process expertise rental and sales solutions.