Trane Technologies plc

Who owns Trane Technologies?
Trane Technologies plc is a widely held public company on the NYSE under ticker TT. Institutional investors hold most shares; there is no controlling owner.

Is Trane Technologies the same as Ingersoll Rand?
They split in 2020. The industrial tools and compressor business became the new Ingersoll Rand Inc., while the climate businesses, Trane and Thermo King, renamed as Trane Technologies plc.

Where is Trane Technologies headquartered?
Legally in Swords, County Dublin, Ireland, since the 2009 redomiciling. Its North American headquarters and operational center is Davidson, North Carolina.

What brands does Trane Technologies own?
Its two strategic brands are Trane for HVAC and Thermo King for transport refrigeration, supported by American Standard, Oxbox, and RunTru in residential markets.

What was Trane Technologies' 2025 revenue?
$21.3 billion with net income of $2.9 billion for fiscal 2025, across Americas, EMEA, and Asia Pacific segments.

Who is the CEO of Trane Technologies?
Dave Regnery serves as chairman, president, and CEO. He ran the Trane business before the 2020 renaming and became CEO in 2021.

The corporate thread begins with two companies. Ingersoll-Rand dated to 1871 and the rock drills of Simon Ingersoll, growing into a diversified machinery giant. Trane began in 1913 in La Crosse, Wisconsin, as James and Reuben Trane's heating equipment company, becoming an air conditioning pioneer through the 1930s.

The lines merged in 2008 when Ingersoll-Rand paid roughly $10.1 billion for Trane, buying it from the breakup of American Standard Companies. The deal moved the Irish-to-be conglomerate deep into climate systems alongside its tools, locks, and compressors.

In 2009 Ingersoll-Rand redomiciled to Ireland as Ingersoll-Rand plc, joining a wave of US industrials seeking Irish tax residence. Through the 2010s the company steadily concentrated on climate, selling security, golf car, and other divisions.

The decisive restructuring came in 2019 and 2020: the industrial segment, compressors, tools, and the Ingersoll Rand name itself, spun off and merged with Gardner Denver to form the new Ingersoll Rand Inc. What remained, the climate businesses, renamed itself Trane Technologies in March 2020, taking its identity from the 107-year-old Wisconsin brand.

The pure-play bet paid off. Through the 2020s the company rode data center construction, heat pump adoption, and refrigerant-transition-driven equipment replacement to record results. Dave Regnery, a Trane veteran, became CEO in 2021 and later chairman. Fiscal 2025 closed at $21.3 billion revenue, up from $19.8 billion, with 2026 positioning around liquid cooling for AI data centers and continued electrification of heating.

The company markets itself as a climate solutions provider and anchors its strategy to the Gigaton Challenge, a commitment to cut customer carbon emissions by one billion metric tonnes by 2030 through efficient products and next-generation refrigerants. It holds science-based targets and has appeared on sustainability indices including the Dow Jones Sustainability Index.

Operationally it reports reductions in its own footprint and leads industry transition away from high-GWP refrigerants ahead of regulation. Critics note the inherent tension in selling more air conditioning to a warming planet, and that refrigerant production, like all fluorocarbon chemistry, carries environmental trade-offs the industry continues to manage.

Trane Technologies is a regular on Fortune's World's Most Admired Companies list, the Dow Jones Sustainability Index, and best-workplaces rankings in manufacturing. Its Trane brand marked 110 years in 2023, and the company has been recognized for decarbonization leadership by industry and ESG bodies.

The company's 2009 Irish redomiciling drew criticism as a tax-driven inversion common to that era. As a government contractor on federal buildings it has faced periodic procurement scrutiny. Product-level issues are routine for the industry: warranty claims, installer disputes, and the technical challenge of the low-GWP refrigerant transition across millions of installed units.