Wittenberg (Germany)

Trane Technologies - a global climate innovator - has signed an agreement in principle to purchase AL-KO Air Technology, a division of AL-KO SE, based in Jettingen-Scheppach, Germany. AL-KO Air Technology designs, manufactures, sells and services a full line of sustainable air handling units and extraction systems for a broad range of applications in diverse markets, such as pharmaceutical, healthcare, industrial processes, retail, recreation, and commercial buildings. AL-KO Air will bring complementary, high-performing solutions to the comprehensive Trane Commercial HVAC product and services portfolios in Europe and Asia.

Jose La Loggia, president of Trane Commercial HVAC in EMEA, said, "We’re very excited about this agreement with AL-KO Air Technology. With a reputation for sustainable solutions, innovation, and quality, AL-KO Air Technology will be a natural extension of our robust Commercial HVAC platforms in Europe and Asia, and our focus on healthy and efficient buildings. We’re looking forward to welcoming our new colleagues from AL-KO Air Technology, and together helping our customers achieve their goals for high-performance heating, cooling and ventilation, indoor air quality, and decarbonisation.”

Approximately 800 AL-KO Air Technology employees in Europe and China will join the Trane Technologies teams once the transaction closes. AL-KO Air Technology’s three manufacturing sites ? in Jettingen-Scheppach and Wittenberg, Germany and Taicang, China ? will become part of Trane Technologies, along with its sales offices in Europe and Asia.

“Trane Technologies is the perfect home for AL-KO Air Technology. We share a commitment to sustainable innovation, operational excellence, superior customer service and an uplifting culture. I am excited for our future together," said ,” said Christian Stehle, current CEO of AL-KO Air Technology.

The transaction is expected to close by the end of the year. Until then, Trane Technologies and AL-KO Air Technology will continue to operate as two separate companies and conduct business as usual.