← Home
🚀 Sign up Free for Company Insights & Valuation!
Sign up for free to get access to the best public company valuation and insights. Get started today and unlock the potential of your investments!
Sign up free
Trane Technologies 
Machinery & equipment / Heating, ventilation, air conditioning and refrigeration
At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
Trane Technologies is a global company that specializes in building technologies and climate solutions. Its business segments include climate and industrial, which focuses on providing energy-efficient solutions for commercial and residential buildings, as well as process and industrial applications.
Trane Technologies was formed in 2020 when its former parent company, Ingersoll Rand, split into two separate publicly traded companies. Trane Technologies became the new name for the climate and industrial business, while the other company, Gardner Denver Holdings Inc., was formed to manage the industrial segment.
With a presence in over 100 countries, Trane Technologies has more than 50 global manufacturing facilities and employs approximately 36,000 people worldwide.
History
The history of Trane Technologies can be traced back to 1885 when Norwegian immigrant James Trane and his son Reuben began manufacturing a low-pressure heating system in La Crosse, Wisconsin. In 1913, they introduced an air conditioner, and in 1931, they introduced the first hermetic, centrifugal refrigeration system.
Throughout the 20th century, the company continued to grow and expand its product offerings. In 1984, it was acquired by American Standard Companies, and in 2008, it became a part of Ingersoll Rand.
In 2020, Ingersoll Rand announced that it would be splitting into two companies, with Trane Technologies becoming the new name for the climate and industrial business.
Products and services
Trane Technologies offers a wide range of products and services focused on providing energy-efficient and sustainable solutions for buildings, homes, and industrial applications. Some of their main products and services include:
1. Air Conditioning and Heating Systems: Trane Technologies offers a variety of air conditioning and heating systems for residential and commercial buildings. These include central air conditioners, heat pumps, ductless systems, and air handlers.
2. Controls and Automation: The company also provides controls and automation systems that allow users to monitor and control their heating, cooling, ventilation, and lighting systems remotely.
3. Indoor Air Quality Solutions: Trane Technologies offers a range of products and services to improve indoor air quality, including air purifiers, ventilators, and UV lamps.
4. Energy Services: The company also offers energy services, including building management, data analysis, and renewable energy solutions, to help customers reduce their energy consumption and carbon footprint.
5. Maintenance and Repair Services: Trane Technologies offers maintenance and repair services for its products, as well as training and support for customers.
Sustainability and Corporate Social Responsibility
Trane Technologies has a strong commitment to sustainability and corporate social responsibility. The company has set a goal to reduce its customers' carbon footprint by one gigaton by 2030 through its energy-efficient products and services.
Trane Technologies has also been recognized for its efforts in sustainability and corporate responsibility by being named to Fortune's World's Most Admired Companies list in 2021 and earning a spot on the Dow Jones Sustainability World and North America Indices. The company also has a strong focus on diversity and inclusion, with initiatives and programs to promote a diverse and inclusive workplace.
Trane Technologies was formed in 2020 when its former parent company, Ingersoll Rand, split into two separate publicly traded companies. Trane Technologies became the new name for the climate and industrial business, while the other company, Gardner Denver Holdings Inc., was formed to manage the industrial segment.
With a presence in over 100 countries, Trane Technologies has more than 50 global manufacturing facilities and employs approximately 36,000 people worldwide.
History
The history of Trane Technologies can be traced back to 1885 when Norwegian immigrant James Trane and his son Reuben began manufacturing a low-pressure heating system in La Crosse, Wisconsin. In 1913, they introduced an air conditioner, and in 1931, they introduced the first hermetic, centrifugal refrigeration system.
Throughout the 20th century, the company continued to grow and expand its product offerings. In 1984, it was acquired by American Standard Companies, and in 2008, it became a part of Ingersoll Rand.
In 2020, Ingersoll Rand announced that it would be splitting into two companies, with Trane Technologies becoming the new name for the climate and industrial business.
Products and services
Trane Technologies offers a wide range of products and services focused on providing energy-efficient and sustainable solutions for buildings, homes, and industrial applications. Some of their main products and services include:
1. Air Conditioning and Heating Systems: Trane Technologies offers a variety of air conditioning and heating systems for residential and commercial buildings. These include central air conditioners, heat pumps, ductless systems, and air handlers.
2. Controls and Automation: The company also provides controls and automation systems that allow users to monitor and control their heating, cooling, ventilation, and lighting systems remotely.
3. Indoor Air Quality Solutions: Trane Technologies offers a range of products and services to improve indoor air quality, including air purifiers, ventilators, and UV lamps.
4. Energy Services: The company also offers energy services, including building management, data analysis, and renewable energy solutions, to help customers reduce their energy consumption and carbon footprint.
5. Maintenance and Repair Services: Trane Technologies offers maintenance and repair services for its products, as well as training and support for customers.
Sustainability and Corporate Social Responsibility
Trane Technologies has a strong commitment to sustainability and corporate social responsibility. The company has set a goal to reduce its customers' carbon footprint by one gigaton by 2030 through its energy-efficient products and services.
Trane Technologies has also been recognized for its efforts in sustainability and corporate responsibility by being named to Fortune's World's Most Admired Companies list in 2021 and earning a spot on the Dow Jones Sustainability World and North America Indices. The company also has a strong focus on diversity and inclusion, with initiatives and programs to promote a diverse and inclusive workplace.
What is special about the company?
There are a few key things that make Trane Technologies stand out as a company:
1) History and reputation: Trane Technologies has been in business for over 100 years and has built a strong reputation for quality and reliability in the HVAC industry. It is a trusted and well-established brand.
2) Focus on sustainability and innovation: Trane Technologies is committed to creating sustainable solutions and reducing its environmental impact. The company invests heavily in research and development to drive technological innovation and create energy-efficient products.
3) Global reach: As a global company, Trane Technologies has a presence in over 100 countries and serves various markets, including residential, commercial, and industrial. Its reach allows the company to adapt to regional and local needs and provide tailored solutions.
4) Diverse product portfolio: Trane Technologies offers a diverse range of products, including heating, cooling, and ventilation systems, as well as building and energy management solutions. This allows the company to meet the needs of a wide range of customers and applications.
5) Strong customer focus: Trane Technologies is known for its commitment to customer satisfaction. It offers excellent technical support and services to its customers and has a strong network of dealers and distributors to ensure prompt and reliable service.
1) History and reputation: Trane Technologies has been in business for over 100 years and has built a strong reputation for quality and reliability in the HVAC industry. It is a trusted and well-established brand.
2) Focus on sustainability and innovation: Trane Technologies is committed to creating sustainable solutions and reducing its environmental impact. The company invests heavily in research and development to drive technological innovation and create energy-efficient products.
3) Global reach: As a global company, Trane Technologies has a presence in over 100 countries and serves various markets, including residential, commercial, and industrial. Its reach allows the company to adapt to regional and local needs and provide tailored solutions.
4) Diverse product portfolio: Trane Technologies offers a diverse range of products, including heating, cooling, and ventilation systems, as well as building and energy management solutions. This allows the company to meet the needs of a wide range of customers and applications.
5) Strong customer focus: Trane Technologies is known for its commitment to customer satisfaction. It offers excellent technical support and services to its customers and has a strong network of dealers and distributors to ensure prompt and reliable service.
What the company's business model?
Trane Technologies is a manufacturing company that specializes in climate control solutions such as heating, ventilation, and air conditioning (HVAC) systems, as well as energy management and renewable energy solutions. The company's business model is centered around providing innovative and sustainable solutions for buildings, homes, transportation, and data centers. They offer a range of products and services including HVAC systems, controls and sensors, energy management systems, building automation systems, and renewable energy solutions. Trane Technologies also offers maintenance and repair services for their products to ensure optimal performance and energy efficiency. The company's focus on sustainability and energy efficiency drives their business model, as they strive to provide customers with cost-effective and environmentally-friendly solutions.
Interesting facts about the company
that provides innovative heating, ventilating, and air conditioning (HVAC) solutions for residential and commercial settings
1. Trane Technologies was originally founded as the Trane Company in La Crosse, Wisconsin in 1885 by James Trane, a Norwegian immigrant.
2. In 1913, Trane introduced the convector radiator, which revolutionized heating systems by incorporating a fan and a motor to circulate hot air.
3. Trane’s reputation for innovation and quality led to its products being used in major projects such as the Empire State Building and the Kremlin in Moscow.
4. In 1984, Trane was acquired by American Standard Companies, which also owned other well-known brands such as KitchenAid, Jacuzzi, and American Standard.
5. In 2008, American Standard Companies split into three separate companies, with Trane becoming the largest of the three and operating as its own stand-alone business.
6. In 2013, Trane was acquired by Ingersoll Rand, a global diversified industrial company, and became a part of its Climate Solutions sector.
7. In 2020, Ingersoll Rand announced that it would spin off its industrial segment, including Trane, into a new company called Trane Technologies.
8. Trane Technologies is a global company with over 36,000 employees in 104 countries, and operates under the brand names Trane, American Standard, and Kysor/Warren.
9. Trane Technologies is committed to sustainability and has set a goal to reduce its customers’ carbon emissions by one gigaton by 2030, equivalent to the annual emissions of Italy, France, and the United Kingdom combined.
10. Trane Technologies has been recognized for its excellence in business and sustainability. In 2019, the company was named one of the World’s Most Admired Companies by Fortune Magazine and one of the World’s Most Ethical Companies by the Ethisphere Institute.
11. In addition to HVAC solutions, Trane Technologies also offers energy management services, building automation systems, and aftermarket products and services.
12. Trane has a dedicated research and development team, and the company invests over $500 million annually in research and development.
13. Trane Technologies is known for its industry-leading innovations, including its Trane CleanEffects™ whole-house air filtration system, which is 100 times more effective than a standard 1-inch filter at removing allergens from the air.
14. Trane Technologies also has a strong commitment to giving back to the community and has several initiatives in place, such as its employee volunteer program and partnerships with organizations like Habitat for Humanity.
15. Trane Technologies has a strong focus on diversity and inclusion and has been named one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation for 8 consecutive years.
See Company Due Diligence:
1. Trane Technologies was originally founded as the Trane Company in La Crosse, Wisconsin in 1885 by James Trane, a Norwegian immigrant.
2. In 1913, Trane introduced the convector radiator, which revolutionized heating systems by incorporating a fan and a motor to circulate hot air.
3. Trane’s reputation for innovation and quality led to its products being used in major projects such as the Empire State Building and the Kremlin in Moscow.
4. In 1984, Trane was acquired by American Standard Companies, which also owned other well-known brands such as KitchenAid, Jacuzzi, and American Standard.
5. In 2008, American Standard Companies split into three separate companies, with Trane becoming the largest of the three and operating as its own stand-alone business.
6. In 2013, Trane was acquired by Ingersoll Rand, a global diversified industrial company, and became a part of its Climate Solutions sector.
7. In 2020, Ingersoll Rand announced that it would spin off its industrial segment, including Trane, into a new company called Trane Technologies.
8. Trane Technologies is a global company with over 36,000 employees in 104 countries, and operates under the brand names Trane, American Standard, and Kysor/Warren.
9. Trane Technologies is committed to sustainability and has set a goal to reduce its customers’ carbon emissions by one gigaton by 2030, equivalent to the annual emissions of Italy, France, and the United Kingdom combined.
10. Trane Technologies has been recognized for its excellence in business and sustainability. In 2019, the company was named one of the World’s Most Admired Companies by Fortune Magazine and one of the World’s Most Ethical Companies by the Ethisphere Institute.
11. In addition to HVAC solutions, Trane Technologies also offers energy management services, building automation systems, and aftermarket products and services.
12. Trane has a dedicated research and development team, and the company invests over $500 million annually in research and development.
13. Trane Technologies is known for its industry-leading innovations, including its Trane CleanEffects™ whole-house air filtration system, which is 100 times more effective than a standard 1-inch filter at removing allergens from the air.
14. Trane Technologies also has a strong commitment to giving back to the community and has several initiatives in place, such as its employee volunteer program and partnerships with organizations like Habitat for Humanity.
15. Trane Technologies has a strong focus on diversity and inclusion and has been named one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation for 8 consecutive years.
See Company Due Diligence:
Wait! There's more — sign up for free or log in