Trane parent company Ingersoll Rand has purchased Italy-based Thermocold Costruzioni SRL. Terms were not disclosed.

Thermocold’s product portfolio includes a multiple-pipe HVAC system that permits simultaneous heating and cooling.

“The completion of this acquisition marks another milestone in providing breakthrough solutions for building owners to achieve operating and sustainability goals,” said Dave Regnery, president of Ingersoll Rand’s strategic business units in North America, Europe, Middle East and Africa. “We have been jointly innovating and serving customers, and this is the next step in our relationship. This is an exciting day for employees and distribution partners; we look forward to the growth potential we have together.”