The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Trane Technologies Completes Acquisition of Nuvolo 

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

Share



Related Articles

CBRE Acquires UK Asset Management Business

CBRE has acquired Sovereign Centros, a UK asset management and development management business. Sovereign Centros provides asset management for shopping centres and...

 Read Full Article
Planet Mark Acquired by Alcumus

Sustainability certification company and ThisWeekinFM Partner Planet Mark has been acquired by Alcumus. The move will allow Planet Mark to expand its client and...

 Read Full Article
Mitie Acquires Cliniwaste

Mitie has acquired healthcare waste disposal company Cliniwaste to bolster its clinical waste management provision. Cliniwaste, which specialises in treating plastic...

 Read Full Article
First Response Group Acquires Integrated Security Consultants 

First Response Group has acquired Wembley-based stadia security specialist Integrated Security Consultants. The acquisition will allow First Response Group (FRG),...

 Read Full Article
Equans to Sell its UK District Heating and Cooling Network Activities

Equans, a subsidiary of the Bouygues group, is to sell its UK district heating and cooling network portfolio to a consortium formed by Swiss Life Asset Managers and...

 Read Full Article
Apleona Acquires Cambridgeshire-Based JCW Group

Global IFM provider Apelona has acquired JCW Group, a technical facilities management provider based in Royston, Cambridgeshire. The financial details of the...

 Read Full Article
Osborne Property Services Sold to Cargo Group

South-west-based building maintenance firm Cardo Group has acquired Osborne Property Services Limited. The move forms part of Cardo’s strategy to build a family...

 Read Full Article
Mitie Acquires JCA Engineering for £31.5m

Outsourcing firm Mitie has acquired Stevenage-based engineering contractor JCA Engineering in a deal worth £31.5 million. Mitie will pay an initial cash payment...

 Read Full Article
Great Portland Estates Acquires Soho Square Estate

Great Portland Estates plc has announced the acquisition of King Sloane Properties Limited, which owns the freehold interests at 16/19 Soho Square. The estate...

 Read Full Article
Arcus Facilities Management Acquires Trios Group

Arcus Facilities Management has completed its acquisition of the Trios Group, adding to its mobile engineering, technology, and project delivery service...

 Read Full Article