Copeland Enters into Exclusive Negotiations to Acquire Dickson, Advancing Cold Chain Leadership

Proposed acquisition will expand Copeland’s presence across the healthcare and life sciences cold chain, adding environmental monitoring, compliance expertise and cloud-based monitoring capabilities

Copeland, a global leader in compression technologies and controls solutions, today announced its entry into exclusive negotiations towards the purchase of Dickson, a portfolio company of May River Capital and provider of environmental monitoring and cloud-native software solutions for regulated life sciences and healthcare applications.

The proposed acquisition will strengthen Copeland’s strategy of enabling an efficient and effective cold chain, building on its existing stationary and in-transit monitoring capabilities to deliver an end-to-end solution that helps healthcare, pharmaceutical and life sciences customers safeguard product integrity, maintain compliance and reduce operational risk. Quality assurance and environmental monitoring represents a large and secularly growing market opportunity, driven by increasing regulatory requirements, the expansion of biologics and cell and gene therapies, and rising demand for supply chain transparency.

Dickson's cloud-native monitoring platform, deep compliance expertise and global footprint complement Copeland's established cold chain remote services business, broadening its reach across pharmaceutical manufacturing, biotechnology, medical devices, distribution, healthcare networks and hospital systems.

“We look forward to welcoming the Dickson team to Copeland, as we enhance our ability to provide end-to-end visibility and ensure high levels of regulatory compliance through a digitally connected cold chain. Dickson will expand our capabilities and strengthen our ability to serve customers across every stage of the healthcare and life sciences cold chain, from pharmaceutical manufacturing through distribution and patient care,” said Ross B. Shuster, CEO of Copeland.

“Joining Copeland will allow us to bring our platform and compliance expertise to a broader customer base, while continuing to invest in the technology and services our customers rely on to protect their most critical assets,” said Rick Weiler, President and CEO of Dickson.

The proposed transaction is expected to close in the second half of the 2026 calendar year, subject to the finalization of definitive agreements, consultation of the French work council of Oceasoft SAS and customary regulatory approvals. Terms of the transaction were not disclosed.

This announcement includes forward-looking statements regarding the proposed acquisition and its expected benefits. Actual results may differ due to market conditions or other factors. Dickson will continue to operate as an independent company until the transaction closes. Copeland undertakes no obligation to update these statements.

About Copeland

Copeland is a global leader in compression technologies and controls solutions, with more than 200 million installations worldwide. We deliver reliability and innovation across heating, ventilation and air conditioning (HVAC), cold chain and industrial applications. With over 100 years of expertise and approximately 18,000 colleagues in 40+ countries, we are advancing the energy and refrigerants transitions while safeguarding high-value, perishable products – partnering with our customers at a global scale to help them achieve greater efficiency and sustainability. Learn more at copeland.com.

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