Advising Trane Technologies on the acquisition of Transport-Kälte-Vertrieb GmbH (TKV)

Eversheds Sutherland has successfully advised global climate innovator Trane Technolo-gies plc (NYSE:TT), and its Thermo King brand, a leader in sustainable transport temper-ature control solutions, on the acquisition of Transport-Kälte-Vertrieb GmbH (TKV), the largest of five independent Thermo King and Frigoblock dealers in Germany.

TKV has represented Thermo King in southern Germany for 55 years, specializing in sales, installation and after-sales service of transport refrigeration units and accessories, in addition to maintenance and telematics solutions. The transaction closed recently and the company continues to serve the southern German market, now operating as Thermo King Deutschland.

The acquisition strengthens Thermo King’s industry leading transport refrigeration service network across Europe, the Middle East and Africa (EMEA), and expands Thermo King’s scale, reach and leadership as it drives the decarbonisation of refrigerated transport and accelerates growth throughout the region.

The Eversheds Sutherland team was led by Dr. Christian Mense (Partner, Corporate/M&A, Munich). Other key team members included Dr. Christian Lindner (Counsel, Corpo-rate/M&A, Munich), Dr. Navid Anderson (Counsel, Corporate/M&A, Frankfurt), Dr. Lars Haverkamp (Partner, Tax), Niklas Schilawa (Counsel, Tax, both Duesseldorf), Kathrin Paulet (Partner, Real Estate, Duesseldorf), Dr. Manuela Rauch (Partner, Employment), Kristina Weindl (Associate, Employment, both Munich), Jan-Jacob Roeder (Counsel, Pen-sions, Hamburg), Nils Müller (Partner, IT, Munich), Dr. Kristina Kober (Senior Associate, Commercial), Peter Schott (Senior Associate, Commercial, both Munich) and Lea Trinczek (Associate, Corporate/M&A, Frankfurt).