SWORDS, Ireland – Aug. 30, 2022 – Trane Technologies (NYSE:TT), a global climate innovator, today announced that it has signed an agreement in principle to purchase AL-KO Air Technology, a division of AL-KO SE, based in Jettingen-Scheppach, Germany.

AL-KO Air Technology designs, manufactures, sells and services a full line of sustainable air handling units and extraction systems for a broad range of applications in diverse markets, such as pharmaceutical, healthcare, industrial processes, retail, recreation, and commercial buildings. AL-KO Air will bring complementary, high-performing solutions to the comprehensive Trane Commercial HVAC product and services portfolios in Europe and Asia.

“We’re very excited about this agreement with AL-KO Air Technology,” said Jose La Loggia, president of Trane Commercial HVAC in EMEA. “With a reputation for sustainable solutions, innovation, and quality, AL-KO Air Technology will be a natural extension of our robust Commercial HVAC platforms in Europe and Asia, and our focus on healthy and efficient buildings. We’re looking forward to welcoming our new colleagues from AL-KO Air Technology, and together helping our customers achieve their goals for high-performance heating, cooling and ventilation, indoor air quality, and decarbonization.”

Approximately 800 AL-KO Air Technology employees in Europe and China will join the Trane Technologies teams once the transaction closes. AL-KO Air Technology’s three manufacturing sites ─ in Jettingen-Scheppach and Wittenberg, Germany and Taicang, China ─ will become part of Trane Technologies, along with its sales offices in Europe and Asia.

“Trane Technologies is the perfect home for AL-KO Air Technology,” said Christian Stehle, current CEO of AL-KO Air Technology. “We share a commitment to sustainable innovation, operational excellence, superior customer service and an uplifting culture. I am excited for our future together.”
The transaction is expected to close by the end of the year. Until then, Trane Technologies and AL-KO Air Technology will continue to operate as two separate companies and conduct business as usual.

# # # # # #

About Trane Technologies
Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. For more on Trane Technologies, visit www.tranetechnologies.com.

Brussels, Belgium, September 25, 2025 - Trane®, a leading global provider of indoor comfort solutions and services and a brand of Trane Technologies, has introduced Connected Mechanical Service Agreements (CMSA) across the Europe, Middle East, and Africa (EMEA)...

Brussels, Belgium, August 26, 2025 - Trane®, a leading global thermal systems and services provider and a brand of Trane Technologies, has introduced a new range of air cooling solutions designed specifically for data centres. The new ranges of Co...

Brussels, Belgium, August 4, 2025 - Officially inaugurated in January 2025, the Infomaniak data centre in Geneva, Switzerland sets a new benchmark in sustainable digital infrastructure. Uniquely located in a residential neighbourhood, this underground...