Trane Technologies Completes Acquisition of BrainBox AI
Trane Technologies plc (TT)
Company Research
Source: Business Wire
SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, announced that it has completed the acquisition of BrainBox AI, a pioneer in autonomous HVAC controls and generative Artificial Intelligence (AI) building technology. The acquisition was previously announced in a press release on December 18, 2024.BrainBox AI uses advanced deep learning algorithms to predict building energy needs and automate HVAC systems, thus reducing energy consumption by up to 25% and reducing greenhouse gas (GHG) emissions by up to 40%. The acquisition builds on the companies’ existing collaboration and combines BrainBox AI’s leading Artificial Intelligence technology with Trane Technologies’ advanced building management and digital capabilities to meet fast-growing demand for sustainable, autonomous building solutions.“We are delighted to officially welcome BrainBox AI associates as we further expand upon our companies’ complementary capabilities, technology and offe
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News
- Trane Technologies plc (NYSE: TT) had its price target raised by analysts at Royal Bank of Canada from $390.00 to $395.00. They now have a "sector perform" rating on the stock.MarketBeat
- These Climate Solutions Stocks Have Turned Up the Heat in 2024. Can Their Rally Continue, or Will They Cool Off in 2025? [Yahoo! Finance]Yahoo! Finance
- Strong Demand in Commercial HVAC Market Benefits Trane Technologies [Yahoo! Finance]Yahoo! Finance
- Trane Technologies Named to S&P Dow Jones Sustainability World and North America Indices [Yahoo! Finance]Yahoo! Finance
- Trane Technologies Named to S&P Dow Jones Sustainability World and North America IndicesBusiness Wire
TT
Earnings
- 10/30/24 - Beat
TT
Sec Filings
- 12/5/24 - Form 4
- 12/4/24 - Form 144
- 11/21/24 - Form 8-K
- TT's page on the SEC website