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Process cooling firm acquired for £847k

UK: Scientific Digital Imaging, a Cambridge-based manufacturer of scientific and technology products, has acquired process cooling company Thermal Exchange Ltd.

The £847,036 deal for the Leicester-based company will include an additional cash payment for net assets at completion. 

Founded in 1982, Thermal Exchange designs, builds and distributes process cooling and temperature control equipment for industrial, medical and scientific applications. In the year to 30 September 2018, the company achieved sales of £1.4m, approximately 86% of which is for the UK. It employs 15 staff.

Latest News

26th February 2024

Brian Streatfield 1936-2024

UK: Brian Streatfield, a man who was instrumental in the formation of Carrier in the UK during the 1970s, died at the weekend. He was 87.
25th February 2024

Safety is vital in global F-gas transition

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25th February 2024

Terrie Lamb wins lifetime achievement award

UK: Terrie Lamb of Cimetrics was recognised for 25 years of dedication to the RACHP sector in a night of awards at Thursday night’s annual Institute of Refrigeration (IoR) dinner.
25th February 2024

Boosting EV range with microwave energy

UK: Researchers from the University of Birmingham are working on an energy storage system which couples a chemical heat pump with microwave energy to produce heating or cooling on demand.
25th February 2024

Home heat pump install for newly-trained engineers

UK: A UK charity is proposing to give newly trained heat pump installers an air-source heat pump to install in their own home.
23rd February 2024

Hoshizaki acquires 25% stake in Fogel

PANAMA: Japanese refrigeration equipment manufacturer Hoshizaki has acquired a 25% stake in Fogel Company Inc, a manufacturer of commercial refrigeration equipment based in Republic of Panama, for US$28m.