Schmitz Cargobull Invests in Sub Zero to Expand Cold Chain Capabilities in India
Schmitz Cargobull AG, Europe’s leading manufacturer of semi-trailers, has announced a strategic investment in Sub Zero Insulation Technologies (SZIT), one of India’s top producers of refrigerated and dry freight truck bodies. Under the agreement, Schmitz Cargobull will acquire a 27.5% equity stake in SZIT, with an option to increase its shareholding over the coming years. …
