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Modine Manufacturing Co., a leading provider of thermal management technology and solutions, announced it has entered into a definitive agreement to acquire Luvata Heat Transfer Solutions (HTS) for approximately $422 million, to be financed through a combination of cash, debt, and $25 million of Modine common stock.

ComStar International Inc. has announced a new refrigerant for ice rink managers to comply with the phaseout of R-22 refrigerant. The company said its replacement refrigerant is for use in flooded liquid overfeed ice rink systems and does not require changing components or oil.

Florists, grocers and other businesses that use small refrigerated trucks and delivery vans have a new cooling option from Carrier Transicold: the Neos™ 100S alternator-driven electric refrigeration unit.

Johnson Controls and Methodist Healthcare have signed a $12.9 million technology contract that will play a significant role in helping modernize the healthcare system’s flagship facility, Methodist University Hospital, in Memphis, Tennessee.

Midea, a leading manufacturer of air conditioners and home appliances, announced it has strengthened its U.S. footprint by breaking ground on a $10 million R&D center in Louisville, Kentucky. The newly built Midea America Research Center (MARC) will provide technical expertise in developing products for the U.S. market.

The Heating, Refrigeration and Air Conditioning Institute of Canada (HRAI) and the Geothermal Exchange Organization (GEO) announced a memorandum of understanding (MOU) to establish a framework for cooperation in the ongoing development and improvement of the geothermal heating and cooling industry.

RS Components (RS), the trading brand of Electrocomponents plc, has renewed its agreement with ebm-papst to supply its high efficiency fans and motor products throughout the Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions.

An analysis of the most important trends expected to impact the global energy-efficient building market from 2016 to 2020 is included in the latest report from Technavio. It reveals the top three emerging trends driving the market according to Technavio’s research analysts.

In this SNOPR, DOE proposes amended energy conservation standards for residential non-weatherized gas furnaces and mobile home gas furnaces. The notice also requests comment on the SNOPR’s proposed standards and associated analyses and results, and it proposes clarifications to the certification and reporting requirements.

Carrier distributors nationwide have identified the recipients of their annual college scholarship, and awarded grants this year totaling nearly $40,000. Each year, the Carrier & Bryant Distributors’ Education Foundation awards 25 scholarships to outstanding students who are the children of Carrier and Bryant dealers.