Trane Technologies to Acquire Farrar Scientific, a Leader in Ultra-Low Temperature Control for Biopharmaceutical and other Life Science Industries

Trane Technologies (NYSE: TT), a global climate innovator, announced that it has signed an agreement to acquire Farrar Scientific, a leader in ultra-low temperature control for biopharmaceutical and other life science applications.

Farrar Scientific’s proprietary technology fills an unmet need for flexible, modular, and efficient ultra-low temperature process and storage, including cooling and heating/thawing. The solutions can provide an alternative to large-scale freezer farms or capital-intensive cold rooms used in manufacturing of drugs, vaccines and other biological products.