European semi-trailer manufacturer Schmitz Cargobull has acquired a 27.5 per cent stake in Sub Zero Insulation Technologies (SZIT), an Indian producer of refrigerated and dry freight truck bodies, with an option to raise its holding in the future.
Schmitz Cargobull in a statement said the investment is part of its strategy to expand in emerging markets and develop locally adapted transport solutions.
Announcing the partnership, Andreas Schmitz, CEO of Schmitz Cargobull AG, said, “By combining Schmitz Cargobull’s engineering expertise with Sub Zero’s market reach, we aim to deliver transport solutions across India and beyond. This is not just about business growth; it’s about enabling infrastructure that can help reduce the 30–40 per cent of perishable produce lost annually due to inadequate cold-chain facilities — losses that also
contribute significantly to greenhouse gas emissions.”
Deep Khira, Founder & CEO of Sub Zero, added, “By improving cold-chain efficiency, we can cut wastage, boost farmer incomes, improve food availability, and lower the carbon footprint from decomposing perishables. We remain committed to our customers, and our mission to deliver transport solutions across India and emerging markets.”