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Announced

Completed

Trane Technologies completed the acquisition of Nuvolo for $360m.

Financials

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Transaction Value£294m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

Single Bidder

Domestic

United States

Software

workplace software

Acquisition

Friendly

Completed

Synopsis

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Trane Technologies, an HVAC manufacturing company, completed the acquisition of Nuvolo, a software and solutions provider, for $360m. “We are delighted to officially welcome Nuvolo associates and begin the exciting work of building on our companies’ complementary capabilities, technology and offerings. Together, we look forward to accelerating Nuvolo’s global growth and bringing expanded world-class digital solutions to our global customers and partners that help them achieve their decarbonization and workplace transformation goals,” Paul Camuti, Trane Technologies EVP and Chief Technology and Sustainability Officer.

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