Ingersoll Rand Expands Climate Control Portfolio with Trane Acquisition

The acquisition of Trane is part of Ingersoll Rand's strategy to add less-cyclical businesses with strong brands and recurring revenues to its portfolio, solidifying its position in global climate control markets alongside Hussmann and Thermo King.

“Bringing together our company with Trane meets our objective of adding less-cyclical businesses to our portfolio with strong brands, strong global growth prospects and sizable recurring revenues. Trane’s strong businesses in commercial and residential climate control complements our own highly regarded Hussmann and Thermo King businesses, and gives us a leading global position with a portfolio of premium brands.”

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