M&A Deal Summary

Trane Technologies Acquires Brainbox AI

On December 18, 2024, Trane Technologies acquired software company Brainbox AI

Acquisition Highlights
  • This is Trane Technologies’ 1st transaction in the Software sector.
  • This is Trane Technologies’ 1st transaction in Canada.
  • This is Trane Technologies’ 1st transaction in Quebec.

M&A Deal Summary
Date 2024-12-18
Target Brainbox AI
Sector Software
Buyer(s) Trane Technologies
Deal Type Add-on Acquisition

Target

Brainbox AI

Montreal, Quebec, Canada
Brainbox AI provides autonomous and generative AI building technology. BrainBox AI’s game-changing HVAC technology leverages autonomous AI to make buildings smarter, greener, and more efficient. Working together with our trusted global partners, BrainBox AI supports real estate clients in various sectors, including office buildings, hotels, commercial retail, grocery stores, airports, and more. Brainbox AI was formed in 2017 and is headquartered in Montreal, Quebec.

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Buyer(S) 1

Buyer

Trane Technologies

Swords, Ireland
Category Company
Founded 1885
Sector Business Services
Employees40,000
Revenue 17.7B USD (2023)
DESCRIPTION

Trane Technologies is a global climate innovator using its strategic brands Trane and Thermo King, and environmentally responsible portfolio of products and services, it brings efficient and sustainable climate solutions to buildings, homes, and transportation. Trane Technologies was founded in 1885 and is headquartered in Swords, Ireland.

DEAL STATS #
Overall 6 of 6
Sector (Software) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 Klinge

York, Pennsylvania, United States

Klinge provides transport container solutions for various industries and specialized ISO refrigerated containers. Klinge is based in York, Pennsylvania.

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