Add-on acquisition Announced Dec 2025 · Closed Dec 2025 Verified
Trane Technologies to acquire Stellar Energy Digital data-center cooling business
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Summary
Trane Technologies entered a definitive agreement to acquire the Stellar Energy Digital business, a Jacksonville-based provider of turnkey liquid-to-chip data center cooling solutions with ~700 employees. The bolt-on deal is expected to close in early 2026; Morgan Stanley advised Trane.