Acuity Brands to Acquire KE2 Therm Solutions

Trane Technologies (Thermo King) Acquires Klinge Corporation

August 7, 2024

Manufacturing

Trane Technologies, through its Thermo King brand, completed the acquisition of Klinge Corporation on August 1, 2024. Klinge, a York, Pennsylvania–based maker of specialized ISO refrigerated transport containers and related power-generation equipment, will complement Thermo King's transport temperature-control portfolio and expand its capability to serve highly specialized cold‑chain and government/military markets.

Johnson Controls Acquires Lux Products Corporation

October 2, 2018

HVAC & Mechanical

Johnson Controls has acquired the assets of Lux Products Corporation, a maker of residential thermostats and smart-home products, to strengthen its thermostat product and technology portfolio. The deal brings Lux's brands (including Kono and Geo) and US-based development and distribution capabilities into Johnson Controls' Building Technologies & Solutions business to accelerate product development and expand offerings in the residential channel.

Vertiv Acquires ThermoKey S.p.A. to Expand Heat Rejection and Cooling Technologies for AI Data Centers

March 23, 2026

IT Services

Vertiv (NYSE: VRT) entered into an agreement to acquire ThermoKey S.p.A., a provider of heat-rejection and heat-exchange technologies used in data center cooling. The acquisition is expected to expand Vertiv’s thermal management portfolio and manufacturing footprint—particularly in EMEA—and strengthen end-to-end thermal solutions for AI factories and high-density data centers.

ECI Software Solutions Acquires ThermoGRID

September 1, 2023

Cloud & SaaS

ECI Software Solutions has acquired ThermoGRID, a SaaS field-service management solution for residential service contractors developed by Adam Cory. The acquisition, which closed on September 1, 2020, brings ThermoGRID into ECI's Field Service division to expand ECI's capabilities and reach into residential HVAC, electrical, plumbing and other contractor markets; terms were not disclosed.

Acuity Brands Acquires QSC for $1.215 Billion

October 24, 2024

IT Services

Acuity Brands reached a definitive agreement to acquire QSC, LLC for $1.215 billion (approximately $1.1 billion net of expected tax benefits). QSC will become part of Acuity’s Intelligent Spaces Group to expand cloud-managed audio, video, and control capabilities for smarter, safer, greener spaces.

Triton Acquires Majority Stake in Kälte Eckert Group

July 28, 2022

HVAC & Mechanical

Triton (Triton Smaller Mid‑Cap Fund II) has acquired a majority stake in Kälte Eckert Group, a German specialist in refrigeration and air‑conditioning systems using natural refrigerants. Triton is investing alongside management (Michael and Holger Eckert) to support the company’s regional expansion and further develop its sustainable refrigeration capabilities; terms were not disclosed.