Trane Technologies is to acquire the US company Farrar Scientific, a leader in ultra-low-temperature refrigeration for biopharmaceutical and other life science applications.
Based in Marieta, Ohio, Farrar Scientific specialises in ultra-low temperature cascade refrigeration engineering, consultative solutions and OEM products for pharmaceutical, life science, biotechnology and biorepository applications.
According to Trane, 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.
“Farrar Scientific has revolutionised ultra-low temperature control for biopharmaceutical companies and become a critical supplier to large pharma customers,” commented Trane Technologies CEO Dave Regnery.
“It brings technologies that meet critical needs in the addressable healthcare manufacturing and bioprocessing market, which is expected to grow to $1.65bn by 2023,” he added.