Eden Prairie, MN (November 27, 2017) Phillips & Temro Industries (PTI) today announced it has signed a definitive agreement to acquire Carlor Engineering, a Belgian manufacturer of coolant heaters used in power generation and heavy diesel engine applications. The transaction is expected to close in January 2018, and is subject to customary closing conditions, including regulatory approvals.
The acquisition of Carlor increases the breadth of PTI’s engine heating product offering, establishes a PTI presence on mainland Europe, and reinforces PTI as the global leader of custom engineered thermal systems and solutions in a variety of markets.
Tom Moser, Phillip & Temro Industries’ President and CEO stated, “This acquisition is consistent with our vision of becoming a global market leader through innovation, diversification of end markets and customer focus while building a culture of continuous improvement. Carlor has an excellent reputation in the power generation heating market, and we are delighted to be bringing the strengths of our two organizations together to better serve our global customers.”
“Over the past 17 years we have been focused on designing and manufacturing preheating systems,” said Fabian Klaurens, CEO, Carlor. Looking ahead, a future with Phillips & Temro means we can maintain what we value while accelerating growth in a way that we couldn’t do alone, reaching more customers while increasing our impact on the markets we serve.”
About Phillips & Temro Industries
Phillips & Temro Industries (PTI) is a global OEM and aftermarket provider of custom engineered thermal systems and solutions. Trucking, automotive, oil and gas and off-road vehicles are just a few of the diverse markets that benefit from PTI’s heating, cooling and electrification solutions. PTI manages the entire process from concept design, prototyping and testing to delivery with a focus on quality. PTI’s portfolio of technologies is an amalgamation of brands, including Zerostart, Temro, Arctic Fox, Idle Free Systems and Truflo.