Apleona Acquired by Bain Capital
Private investment firm Bain Capital has acquired European FM service provider Apleona. Having been acquired by equity firm PAI Partners in 2020, Apleona now has a new...
Read Full ArticleTrane 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
Private investment firm Bain Capital has acquired European FM service provider Apleona. Having been acquired by equity firm PAI Partners in 2020, Apleona now has a new...
Read Full ArticleVINCI has completed its acquisition of infrastructure services business FM Conway. FM Conway specialises in essential maintenance and construction services across...
Read Full ArticleBuilding services provider andwis Group intends to become “a benchmark for technical building and compliance services” in 2025. The business, headed up by...
Read Full ArticleNew building consultancy Contollo Group has added MEP services company ESP Limited to its acquisition portfolio. This is the fourth acquisition deal from the company,...
Read Full ArticleFujitsu has agreed to sell its air conditioning arm to Paloma Rheem Holdings. IT firm Fujitsu will transfer its 44 per cent stake in Fujitsu General for a total...
Read Full ArticleCBRE has now combined its project management arm with subsidiary Turner & Townsend. Turner & Townsend has been a majority-owned subsidiary of CBRE since 2021...
Read Full ArticleTake a look at this roundup of 2024’s biggest FM mergers and acquisitions. Watch the Video > OCS's Acquisition of...
Read Full ArticleOCS has doubled the size of its hard services division by acquiring FES FM and FES Support Services from Forth Holdings Limited. The acquisition means OCS will employ...
Read Full ArticlePareto has acquired the maintenance and compliance services business Sowga. Sowga is a mechanical and electrical engineering business with offices in London, Bristol,...
Read Full ArticleLondon-based commercial cleaning company, The Clean Space, has acquired Cynergi Cleaning and Support Services. This acquisition is the company’s largest,...
Read Full Article