M&A Deal Summary

Trane Technologies Acquires Klinge

On August 5, 2024, Trane Technologies acquired business services company Klinge

Acquisition Highlights
  • This is Trane Technologies’ 1st transaction in the Business Services sector.
  • This is Trane Technologies’ 3rd transaction in the United States.
  • This is Trane Technologies’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2024-08-05
Target Klinge
Sector Business Services
Buyer(s) Trane Technologies
Deal Type Add-on Acquisition

Target

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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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 5 of 5
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Pennsylvania) 1 of 1
Country (United States) 3 of 3
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-08 Trailer Dynamics

Eschweiler, Germany

Trailer Dynamics develops a unique solution for integrating an additional electric drive train into the eTrailer. The eTrailer offers supporting propulsion that, in combination with conventional tractor units with internal combustion engines, enables a significant reduction in diesel consumption and CO² emissions. When combined with an electrically powered tractor unit, it increases range and is capable of operating electrified or conventional trailer refrigeration units (TRUs). Trailer Dynamics was founded in 2018 and is based in Eschweiler, Germany.

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