Ingersoll-Rand will acquire the European manufacturer of truck and trailer refrigeration equipment for $123.48 million.
Ingersoll-Rand will acquire Frigoblock for 100 million euros ($123.48 million).
The acquisition is expected to close in the first half of 2015, subject to regulatory approval.
Essen, Germany-based Frigoblock manufacturers refrigeration equipment for trucks and trailers for the European market.
Once the acquisition is complete, Frigoblock will become part of Ingersoll-Rand’s Transportation Solutions business, which operates under the commercial name Thermo King.
Ingersoll-Rand acquires Frigoblock
