Trane Technologies to Acquire Connected Workplace and Enterprise Asset Management Leader Nuvolo

The acquisition will bring together the companies’ complementary capabilities, technology, offerings, and customer bases across shared key verticals, including healthcare, life sciences, retail, public sector, education and more. We look forward to welcoming the talented Nuvolo team as we further expand our digital leadership with cloud-based solutions and services that help our customers achieve their decarbonization and workplace transformation goals. We are proud to be part of the Trane Technologies family, and excited about the next phase of growth with this new partnership.” The transaction is subject to regulatory approval, with closing expected in the fourth quarter of 2023. Through our strategic brands Trane® and Thermo King®, and our environmentally responsible portfolio of products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. Industries served include healthcare, life sciences, retail, public sector, higher education, technology, financial services, and enterprise.