M&A Deal Summary

Trane Technologies Acquires Farrar Scientific

On September 13, 2021, Trane Technologies acquired life science company Farrar Scientific for 365M USD

Acquisition Highlights
  • This is Trane Technologies’ 1st transaction in the Life Science sector.
  • This is Trane Technologies’ largest (disclosed) transaction.
  • This is Trane Technologies’ 1st transaction in the United States.
  • This is Trane Technologies’ 1st transaction in Ohio.

M&A Deal Summary
Date 2021-09-13
Target Farrar Scientific
Sector Life Science
Buyer(s) Trane Technologies
Deal Type Add-on Acquisition
Deal Value 365M USD

Target

Farrar Scientific

Marietta, Ohio, United States
Farrar Scientific is a provider of ultra-low temperature control for biopharmaceutical and other life science applications. Farrar Scientific’s proprietary technology fills an unmet need for flexible, modular, and efficient ultra-low temperature processes and storage, including cooling and heating/thawing. The solutions can provide an alternative to large-scale freezer farms or capital-intensive cold rooms used in the manufacturing of drugs, vaccines, and other biological products. Farrar Scientific is based in Marietta, Ohio.

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Buyer(S) 1

Buyer

Trane Technologies

Swords, Ireland
Category Company
Founded 1885
Sector Business Services
Employees40,000
Revenue 17.7B USD (2023)
DESCRIPTION

Trane Technologies is a global climate innovator using its strategic brands Trane and Thermo King, and environmentally responsible portfolio of products and services, it brings efficient and sustainable climate solutions to buildings, homes, and transportation. Trane Technologies was founded in 1885 and is headquartered in Swords, Ireland.

DEAL STATS #
Overall 1 of 5
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 5
State (Ohio) 1 of 1
Country (United States) 1 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-06 MTA

Tribano, Italy

MTA is an Italian enterprise that has been manufacturing equipment for the treatment of compressed gases, industrial refrigeration, and air conditioning. MTA was formed in 1982 and is based in Tribano, Italy.

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