Carrier Transicold to Acquire Select IMPCO Road, Rail Transport Reefer Businesses

Staff Report From Athens CEO

Wednesday, April 19th, 2017

Carrier Transicold, an industry provider in the transport refrigeration business, has signed an agreement to acquire select IMPCO road and rail transport product lines, including the ComfortPro Auxiliary Power Unit from Westport Fuel Systems Inc.

This addition will allow Carrier Transicold to oversee the development, engineering and manufacturing of these product lines and, by leveraging its capabilities and dealer network, provide increased customer support, according to Tom Ondo, vice president and general manager, Carrier Transicold, truck/trailer/rail.

Americas Carrier Transicold is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp.

“These product lines will enable Carrier Transicold to provide a superior line of APUs and battery comfort systems for trucks and APUs for locomotives,” Ondo said. “In addition to delivering a broad range of transport refrigeration solutions to our customers, with this acquisition, we are expanding our offerings to include anti-idling technologies that contribute to greater operator comfort as well as reduced fuel consumption while meeting operational and sustainability goals.”

“We are pleased to have completed this transaction as part of our portfolio review that began with the closing of the merger with Fuel Systems in June of 2016” said Nancy Gougarty, CEO of Westport Fuel Systems. “After a careful assessment of the APU product line and its fit with the other Westport Fuel Systems businesses, we decided it made the most sense for our shareholders to pursue this sale.”

The acquisition is expected to be finalized in the next few weeks.

Once closed, the ComfortPro APU product line will continue to be supported by the Carrier Transicold dealer network, now backed by Carrier Transicold factory support.