Trane Technologies to Acquire Heat-Transfer Products Maker Cancoil Thermal

05:49 PM EDT, 10/21/2026 (MT Newswires) -- Trane Technologies (TT) said late Wednesday it will acquire Cancoil Thermal, a North American manufacturer of heat-transfer products, for an undisclosed sum. The deal includes Cancoil's manufacturing facilities in Ontario, Canada, and Jacksonville, Texas, and more than 450 employees, Trane said. The acquisition will strengthen Trane's heat-transfer expertise and supply chain resiliency, the company said. The transaction is expected to close before year-end, subject to customary closing conditions and regulatory approval, the company added.