Know what you want? Try our 'Supplier Directory' 

Trane Technologies in bid to acquire AL-KO Air Technology

Trane Technologies, a global climate innovator, has announced 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 chief executive 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.

31 August 2022

Comments

Already Registered?
Login
Not Yet Registered?
Register

What needs to change to accelerate the energy transition?

With a new Parliament, Jeff House, director of external affairs and policy at Baxi, discusses the drive to decarbonise homes and businesses, the role of heat pumps, and what needs to change from a policy and legislation perspective to accelerate the ...

  11-Jul-2024

Rinnai’s New High-Efficiency, Space Saving External Continuous Flow Hot Water Heaters Now Available

Rinnai is launching the Infinity E series of externally mounted continuous flow water heaters. Each unit arrives with water ingress protection (IPx5D) and provides a limitless volume of temperature controlled clean hot water, whilst electric, gas and water services are connected. The gas-fired water heaters are lightweight (18kgs) meaning that there is no need for heavy lifting gear.

  12-Jul-2024

STOKVIS R600

CONDENSING ULTRA LOW NOx PREMIX COMMERCIAL BOILER
  10-Jan-2019
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary

HVR Awards 2024