Trane Technologies plc

Description

Trane Technologies Plc is an Ireland-based industrial manufacturing company that provides sustainable climate solutions.

The diversified company manufactures a wide range of products for enhancing air quality, energy efficiency, and temperature maintenance at homes, buildings, etc. It also caters to customers engaged in transportation and perishable food businesses.

The Irish firm manages its business under different segments like climate segment and industrial segment.

Climate Segment

The company offers energy efficiency products and other related energy services through this segment

Industrial Segment

The segment provides various products and services to enhance operations and productivity for achieving energy efficiency in the industrial sector.

The company operates and provides sustainable climate solutions under different brands, including:
• Ingersoll-Rand
• American Standard
• Club Car
• ARO
• Thermo King
• Trane

In addition, the company operates under three geographical segments:
• Americas
• EMEA
• Asia Pacific

Americas Segment

This segment caters to company’s customers in Latin America and North America. The product portfolio includes heating and cooling systems, building controls, energy services, cooling and heating system for residential purpose, and refrigeration solutions for transportation.

EMEA Segment

The sustainable climate solutions provider caters to customers in Europe, the Middle East, and Africa.

Asia Pacific Segment

It develops a wide range of products for the customers in the Asia Pacific, including Indian customers. Some of the commercial climate solutions include heating and cooling systems, refrigeration transport systems, geothermal systems, chillers, and other related services and solutions for commercial buildings.

Trane Technologies Plc was founded in 1885 as Ingersoll-Rand plc, following a merger between Ingersoll-Sergeant Drill Company and Rand Drill Company.

The manufacturing firm is listed on the New York Stock Exchange and trades under the ticker 'TT'. The company is included in the S&P 500 components, which represents 500 large-cap companies in the United States.

In 2021, it was reportedly among the Best Employers for Women, Global 2000 and America's Best Employers list.