Public Company Industrial Services

Trane Technologies

Davidson, North Carolina, United States

Trane Technologies is a global climate innovator advancing sustainability through its leading brands Trane and Thermo King, providing efficient and sustainable climate solutions for buildings, homes, and transportation worldwide, and expanding digital/SaaS and connected solutions for climate, facilities, and asset management.

Focus Areas
HVAC systems, Refrigeration and cold-chain solutions, Transport temperature control

Tracked deals

5

5 tracked deals across 2021-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

4 buyout · 1 addon

Trane Technologies Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Trane Technologies. 1 2021 2 2023 1 2024 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Trane Technologies
    Target
    LiquidStack
    Industry
    IT Services
    Type
    Addon

    Trane Technologies signed a definitive agreement to acquire LiquidStack, a Carrollton, Texas-based liquid cooling technology provider for data centers, to strengthen Trane’s end-to-end thermal management offerings for AI and hyperscale workloads. The deal includes LiquidStack’s team and manufacturing, engineering, and R&D operations in Texas and Hong Kong, with LiquidStack expected to integrate into Trane’s Commercial HVAC Americas business unit and co-founder/CEO Joe Capes to continue leading the business after closing.

  • Buyer
    Trane Technologies, Thermo King
    Target
    Klinge Corporation
    Industry
    Manufacturing
    Type
    Buyout

    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.

  • Buyer
    Trane Technologies
    Target
    Nuvolo
    Industry
    Cloud & SaaS
    Type
    Buyout

    Trane Technologies has acquired Nuvolo, a cloud-based provider of connected workplace and enterprise asset management solutions built on the ServiceNow platform. The acquisition brings Nuvolo's SaaS capabilities and ~250 associates into Trane's digital portfolio to accelerate growth in facilities and asset management across healthcare, life sciences, retail, education and public sector customers.

  • Buyer
    Trane Technologies
    Target
    Helmer Scientific
    Industry
    Medical Devices
    Type
    Buyout

    Trane Technologies has acquired Helmer Scientific, a Noblesville, Indiana-based maker of precision temperature‑controlled storage and processing solutions for hospitals, labs, blood banks and pharmacies. The deal adds Helmer's medical and laboratory refrigeration capabilities to Trane's life science solutions portfolio and supports expansion into clinical health and life sciences markets.

  • Buyer
    Trane Technologies
    Target
    Farrar Scientific
    Industry
    Manufacturing
    Type
    Buyout

    Trane Technologies has completed the acquisition of Farrar Scientific, a provider of proprietary ultra-low temperature control technologies used in biopharmaceutical and life-science manufacturing. The deal transfers Farrar's technology, personnel and a development and assembly operation in Marietta, Ohio to Trane's new Life Science Solutions business to expand its cold-chain and ultra-low temperature capabilities for healthcare manufacturing customers.

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