Mumbai, Aug. 19 -- Schmitz Cargobull, a leading European semi-trailer manufacturer, has acquired a 27.5 percent stake in Sub Zero Insulation Technologies (SZIT), a leading producer of refrigerated and dry freight truck bodies in India.

This strategic investment marks a significant step in the German company's global expansion and its entry into India's growing cold chain logistics sector. The agreement includes an option for Schmitz Cargobull to increase its shareholding in the future.

The partnership aims to combine Schmitz Cargobull's engineering expertise with Sub Zero's market presence to deliver advanced transport solutions.

Andreas Schmitz, CEO, Schmitz Cargobull, said, "India's cold chain sector is evolving rapidly and Sub Zero ...