Trane Technologies to Acquire Cancoil, Strengthening Supply Chain Resiliency and Thermal Management Expertise
Business Wire•21/10/2026•16:30 ET
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Key Highlights
- ➤Trane Technologies (TT) agrees to acquire Cancoil Thermal Corporation
- ➤Cancoil acquisition includes Canadian and U.S. manufacturing operations and over 450 employees
- ➤Transaction expected to close before year-end, subject to regulatory approval
- ➤Deal terms were not disclosed
Expert Statements
Donny Simmons, Chief Operating Officer, Trane Technologies
“Cancoil adds a critical capability at the right time for our business and our customers”
Donny Simmons, Chief Operating Officer, Trane Technologies
“Cancoil’s proven manufacturing capabilities, differentiated technical expertise and skilled team will help us better serve customers in critical thermal management applications with speed, quality and reliability.”
Trane Technologies to Acquire Cancoil, Strengthening Supply Chain Resiliency and Thermal Management Expertise
Accelerates scale and continued growth of the Cancoil business in Canada and the U.S.
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