Trane Technologies Completes Acquisition of Nuvolo 

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• Trane Technologies Completes Acquisition of Nuvolo 

10 November 2023

Trane Technologies, the home of building technology brands Trane and Thermo King, has completed its acquisition of asset management workflow software provider Nuvolo.

The acquisition means Trane Technologies will be able to expand its workplace and asset management solutions capabilities, by integrating Nuvolo Connected Workplace into its platform.

The financial details of the deal have not been disclosed, and Nuvolo Founder and CEO Tom Stanford will join Trane Technologies in a leadership role. 250 members of Nuvolo staff will also move across.

“Nuvolo is an outstanding fit with Trane Technologies’ strategy to broaden the impact of our climate leadership and innovate for sustainability,” said Paul Camuti, Executive Vice President and Chief Technology and Sustainability Officer of Trane Technologies. 

“With this acquisition, we see an opportunity to accelerate Nuvolo’s global growth and unlock new value and offerings for our respective customers and partners. 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. This bolt-on acquisition follows our proven model of adding leading technologies that augment our core business and scaling them to deliver strong returns over time.”

Picture: a graphic showing several rectangles at various heights. Image Credit: Unsplash

Article written by Ella Tansley | Published 10 November 2023

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