Cold Chain Technologies acquires Global Cold Chain Solutions
This is CCT’s fifth acquisition since partnering with Aurora Capital Partners in 2019.
Cold Chain Technologies (CCT) announced today its acquisition of Global Cold Chain Solutions (GCCS). The combined entity will provide cold chain solutions to pharmaceutical and life sciences companies.
CCT provides thermal packaging and digital monitoring solutions for the transportation of temperature-sensitive life sciences products while GCCS designs and manufactures thermal assurance solutions for life sciences applications. Its thermal engineering capabilities and network of manufacturing sites in Australia and India enable the transportation of life-saving drugs.
This is CCT’s fifth acquisition since partnering with Aurora Capital Partners in 2019. During this time, CCT has dramatically expanded its portfolio of sustainable packaging solutions, entered key new life sciences verticals, launched its digital platform, and grown its global manufacturing and service capabilities.
Ranjeet Banerjee, CEO of CCT, said, “GCCS’ rapid expansion in India and other global markets is further testament to the quality of its products, operations, and customer service. We are thrilled to partner with Andrew and the entire GCCS team to further expand CCT’s footprint in Asia Pacific, which continues to see rapid investment across all life sciences verticals.”
“We are excited to leverage CCT’s diversified product portfolio, thermal engineering expertise, and proprietary digital track-and-trace software to accelerate our worldwide growth,” said Andrew Meyers, Founder and CEO of GCCS. “
Terms of the transaction were not disclosed.
