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

HVR Awards 2025: LAST CHANCE TO ENTER!

There is still time to get your final submissions in for the HVR Awards 2025, but don't delay as entries close tomorrow, July 25....

  05-Mar-2025

Vent-Axia launches Lo-Carbon Sentinel Econiq-Cool (KERS) to tackle overheating in new build homes

Vent-Axia has launched the Lo-Carbon Sentinel Econiq-Cool (KERS) in partnership with KERS, introducing a pioneering 2-in-1 solution that provides renewable hot water and free cooling....

  24-Jul-2025

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
BESA Industry Awards