Schmitz to acquire a 27.5% stake in Sub Zero.

Schmitz, a manufacturer of semi-trailers, trailers, and truck bodies, agreed to acquire a 27.5% stake in Sub Zero, a messaging and calling application that offers private, reliable, and secure communication services. Financial terms were not disclosed. "This partnership represents a pivotal moment for Sub Zero and for India's cold chain ecosystem. With Schmitz Cargobull as our partners, we are entering a new era of quality, technology, and international standards. By improving cold-chain efficiency, we can drastically cut wastage, boost farmer incomes, improve food availability, and significantly lower the carbon footprint from decomposing perishables. We remain committed to our customers and our mission to deliver best-in-class transport solutions across India and emerging markets," Deep Khira, Sub Zero Founder & CEO.