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New Deal


Announced

Completed

Trane Technologies completed the acquisition of Farrar Scientific for $365m.

Financials

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Transaction Value£263m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Friendly

Private

Majority

United States

Acquisition

biopharmaceutical services

Cross Border

Biotechnology

Completed

Synopsis

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Trane Technologies, a global climate innovator, completed the acquisition of Farrar Scientific, a provider of ultra-low temperature control for biopharmaceutical and other life science applications, for $365m. “We are delighted to officially welcome Farrar Scientific associates. Trane Technologies’ world-class business operating system and expertise in refrigeration, cold chain and sustainable climate controls combined with Farrar’s specialized expertise in ultra-low temperature control will enable us to deliver even greater value to customers around the world in the critical biopharmaceutical and life science industries," Holly Paeper, Trane Technologies President.

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