Deal closed Jun 2019 Verified
Trane Residential HVAC acquires EcoFactor's cloud energy-intelligence technology
Trane's Residential HVAC business (a unit of Ingersoll Rand) acquired EcoFactor's cloud-based energy intelligence software to power its Nexia smart-home platform.
“EcoFactor Inc.'s energy intelligence software has been acquired by Trane's Residential HVAC business. EcoFactor's cloud-based technology will power Trane's Nexia Intelligence platform.”
Entities
EcoFactor Inc. · Target Ingersoll Rand · Parent Trane · Acquirer
HVAC
Source: www.achrnews.com
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.