Trane Technologies plc (NYSE:TT) entered into a definitive agreement to acquire Digital Business of Stellar Energy Americas, Inc. on December 2, 2025. The acquisition will include Stellar Energy?s existing Digital business operations, including two assembly operations in Jacksonville, Florida, and its highly skilled team of approximately 700 employees. Upon completion, Stellar Energy?s Digital business will operate within the Commercial HVAC business unit of the Trane Technologies Americas segment, retaining its brand.
The transaction is subject to closing conditions and regulatory approval. The transaction is expected to be completed in early 2026.
Morgan Stanley & Co. LLC acted as financial advisor for Trane Technologies plc.
Trane Technologies plc specializes in designing, manufacturing, and marketing of air conditioning systems (heating, ventilation and air conditioning systems, etc. mainly under Trane and Thermo King brands. The group also provides temperature control equipment (refrigeration systems, controlled-temperature transportation equipment, etc.). Net sales break down by activity as follows:
- sale of equipment (67.1%);
- services and sale of spare parts (32.9%).
At the end of 2024, the group had 36 manufacturing facilities worldwide.
Net sales are distributed geographically as follows: Americas (80.2%), Europe/Middle East/Africa (12.9%) and Asia/Pacific (6.9%).
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