On the Record · Trane Technologies

Trane Technologies acquisitions, on the record

The businesses Trane Technologies bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
MTA S.p.A (MTA), a leading industrial process cooling technology business Word for word“On May 2, 2023, we completed the acquisition of MTA S.p.A (MTA), a leading industrial process cooling technology business, which brings complementary, high-performing solutions to the comprehensive Commercial HVAC product and services portfolio.” 10-K for 2023	acquisition	May 2, 2023	—
Helmer Scientific Inc (Helmer), a precision temperature cooling company in the life sciences vertical Word for word“On May 12, 2023, we completed the acquisition of Helmer Scientific Inc (Helmer), a precision temperature cooling company in the life sciences vertical.” 10-K for 2023	acquisition	May 12, 2023	—
Nuvolo Technologies Corporation (Nuvolo), a global leader in modern, cloud-based enterprise asset management and connected workplace software and solutions Word for word“On November 2, 2023, we completed the acquisition of Nuvolo Technologies Corporation (Nuvolo), a global leader in modern, cloud-based enterprise asset management and connected workplace software and solutions.” 10-K for 2023	acquisition	November 2, 2023	—
MTA S.p.A (MTA) Word for word“The total purchase consideration for the MTA acquisition was $ 224.4 million, net of cash acquired.” 10-K for 2023	acquisition	—	The total purchase consideration for the MTA acquisition was $ 224.4 million, net of cash acquired.
Helmer Scientific Inc (Helmer) Word for word“The total purchase consideration for the Helmer acquisition was $ 266.4 million, net of cash acquired.” 10-K for 2023	acquisition	—	The total purchase consideration for the Helmer acquisition was $ 266.4 million, net of cash acquired.
Nuvolo Technologies Corporation (Nuvolo) Word for word“The total purchase price for the Nuvolo acquisition was expected to be $ 442.9 million, comprised of the upfront cash consideration of $ 352.6 million paid and the fair value of the contingent consideration arrangements at the acquisition date of $ 90.3 million.” 10-K for 2023	acquisition	—	The total purchase price for the Nuvolo acquisition was expected to be $ 442.9 million, comprised of the upfront cash consideration of $ 352.6 million paid and the fair value of the contingent consideration arrangements at the acquisition date of $ 90.3 million.
AL-KO Air Technology (AL-KO) Word for word“The increase in revenue from acquisitions includes AL-KO Air Technology (AL-KO) which was acquired in October 2022 and MTA which was acquired in May 2023.” 10-K for 2023	acquisition	October 2022	—
Commercial HVAC independent dealer Word for word“The increase in revenue from acquisitions includes a Commercial HVAC independent dealer acquired in April 2022, MTA and Helmer which were acquired in May 2023, and Nuvolo which was acquired in November 2023.” 10-K for 2023	acquisition	April 2022	—
two businesses (Commercial HVAC distributor with sales and service business in the United States and a technology-focused business expanding Transport Refrigeration product offerings) Word for word“During the third quarter of 2024, the Company acquired two businesses, both reported within the Americas segment from the date of acquisition.” 10-K for 2024	acquisition	during the third quarter of 2024	—
Commercial HVAC distributor with sales and service business in Belgium and Luxembourg and a building management platform for HVAC optimization Word for word“The Company completed the acquisition of two businesses in January 2025.” 10-K for 2024	acquisition	January 2025	—
multiple distributors with sales and service businesses in Europe Word for word“In the first half of 2025, we also acquired multiple distributors with sales and service businesses in Europe that are reported in the EMEA segment from the dates of acquisition.” 10-K for 2025	acquisition	In the first half of 2025	—
two Transport refrigeration distributors with sales and service businesses Word for word“The Company acquired two Transport refrigeration distributors with sales and service businesses that will be reported in the Americas and EMEA segments from their respective dates of acquisition.” 10-K for 2025	acquisition	—	—
Kieback&Peter Word for word“The Company also acquired a 49% interest in Kieback&Peter, a provider of building automation hardware, software and solutions across the building lifecycle and energy management.” 10-K for 2025	acquisition	—	49%

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Goodwill from acquisitions
2016-12-31	$9.2 million	—
2017-12-31	$157.6 million	—
2018-12-31	$285.7 million	$118 million
2019-12-31	$83.4 million	$45.3 million
2020-12-31	$182.8 million	$130.1 million
2021-12-31	$269.2 million	$210.9 million
2022-12-31	$234.7 million	$96.3 million
2023-12-31	$862.8 million	$566.5 million
2024-12-31	$180.3 million	$102.4 million
2025-12-31	$276 million	$192.2 million

Deal filings since 2016

2026-04-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-05-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-04-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-09-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-06-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-06-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-03-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2019-05-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-03-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-04-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-02-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-03-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Trane Technologies’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-05. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.