Trane acquires Italian chiller manufacturer MTA
BELGIUM: Trane Technologies has acquired MTA, the Italian manufacturer and distributor of industrial refrigeration and air conditioning equipment.
Trane insists that the company’s process chillers and its expanded rental and services business will strengthen Trane’s Commercial HVAC capabilities in key markets.
MTA was established in 1982 in Padua and remains strongly rooted in the Italian market but with a growing international presence. It was acquired by European investors Chequers Capital in 2019.
With nearly 500 employees and manufacturing sites in Tribano and Conselve, MTA claims a production capacity of 13,500 systems a year.
Turnover is around €90m, of which 80% is for export, 75% in the Eurozone. The main countries are Germany, France, the UK and the USA. With its network of official representatives, MTA has a presence in over 80 countries throughout the world. The Group has subsidiaries in Australia, France, Germany, Spain and the United States.