Smartcool Systems Acquires Cooling Systems Distributor
Canada-based Smartcool Systems Inc. entered into an agreement to absorb its distributor SmartACR, Salem, Mass.
SmartACR has been a distributor for SmartCool products for the last three years, and has developed, under exclusive license from Smartcool, a wireless thermostat with Smartcool's proprietary algorithm inside. This product will now be owned and marketed directly by Smartcool. SmartACR has offered installations in Dunkins Donuts, Five Guys Burgers and Fries, Nestlé Foods, Campbell Soup Co. and Victoria Stations.
Smartcool is also entering into a consulting contract with Paul Gregory, chief executive officer of SmartACR, who will join Smartcool as vice president of sales. Gregory brings 20 years of experience building and selling to logistics, telecommunications and software and energy technology providers.