World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom


Keep up-to-date with the latest new products and technology


General articles, applications and industry analysis

Modine buys Canadian AHU manufacturer

USA/CANADA: Modine has entered into a definitive agreement to acquire Canadian air handling unit manufacturer Scott Springfield Manufacturing. 

Scott Springfield Manufacturing employs approximately 500 people at two manufacturing facilities in Calgary. 

With this transaction, Modine says it will gain immediate access to a highly complementary product portfolio and a blue-chip customer base in several strategic end markets, including hyperscale and colocation data centres, telecommunications, healthcare and aerospace.

Modine will also gain a sales representative network in the indoor air quality market covering additional areas in the US and Canada, creating cross-selling opportunities for Modine’s existing chiller portfolio.

“The acquisition is right in line with our transformation and will bring Modine a product line and customer base in high-growth markets that fully complement and expand our current reach, including to hyperscale data centre operators,” said Modine president and CEO Neil D Brinker.

With the acquisition of Texas-based chiller, condensing unit and heat pump manufacturer Napps Technology last year and the recent purchase of the assets of liquid immersion cooling business TMGcore, climate solutions president Eric McGinnis said: “The acquisition of Scott Springfield will expand our portfolio and manufacturing footprint, enabling us to meet a complete range of client needs in our targeted data centre and IAQ markets, positioning us as a one-stop shop for mission-critical HVAC solutions.”

Scott Springfield Manufacturing expects to report final revenue for their fiscal 2023 of more than US$100m. Total consideration for the transaction is based on an enterprise value of approximately $190m and is expected to close in the first calendar quarter of 2024. 

Related stories:

Modine invests in liquid immersion cooling3 January 2024
USA: Thermal management company Modine has purchased the intellectual property and other specific assets of TMGcore, a Texas-based specialist in liquid immersion cooling technology for data centres. Read more…

Modine acquires Napps Technology6 July 2023
USA: Modine has acquired Texas-based acquired chiller, condensing unit and heat pump manufacturer Napps Technology. Read more…

Latest News

23rd July 2024

JCI-Hitachi confirms $8.1bn JV sale to Bosch

JAPAN/USA/GERMANY: Johnson Controls and Hitachi have confirmed an agreement to sell their European air conditioning joint venture business to German manufacturer Robert Bosch in an $8.1bn deal.
23rd July 2024

Lu-Ve in €27m deal to supply UK nuclear plant

ITALY: Lu-Ve is to supply air coolers to the latest Hinkley Point C nuclear power plant under construction in Somerset, UK, in a €27m contract.
22nd July 2024

Bosch leads bid for JCI-Hitachi JV

JAPAN: German company Robert Bosch is reported to be the leading candidate to acquire the Johnson Controls-Hitachi domestic air conditioning joint venture. 
22nd July 2024

Baxi heat pumps meet Passivhaus challenge

UK: A development of 16 social homes designed and built to achieve Passivhaus standard has been constructed in Dalbeattie, Dumfries & Galloway, with the support of Baxi air-source heat pumps.
21st July 2024

Adiabatic CO2 system promises big energy savings

AUSTRALIA: An indirect evaporative CO2 refrigeration system which promises potential energy savings of 19% is being trialled in one of Australia's leading supermarkets.
21st July 2024

Panasonic adds energy efficient glass on freezer doors

JAPAN: Panasonic’s use of vacuum insulated glass (VIG) on new reach-in freezer upright display cases is said to offer energy savings of up to 33% compared to conventional units.