Menu Close

Who owns Trane now?

Who owns Trane now?

Trane Technologies
American Standard Companies
Trane/Parent organizations

Trane is acquired by American Standard Companies. Becomes the largest of its three businesses: Air Conditioning Systems and Services, Vehicle Control Systems (WABCO) and Bath and Kitchen. June 5, 2008, Ingersoll Rand acquires Trane.

Who merged with Trane?

Earlier this year, Ingersoll Rand® and Mitsubishi® Electric Corporation announced that the two companies would merge to form Mitsubishi Electric Trane. The new corporate entity will sell and distribute ductless and VRF heating and air conditioning systems through the American Standard®, Trane®, and Mitsubishi brands.

Did Ingersoll Rand buy Trane?

BOSTON (Reuters) – Diversified manufacturer Ingersoll-Rand Co Ltd IR. N said on Monday it would buy Trane Inc TT. N, a maker of heating and air conditioning systems, for $9.4 billion in cash and stock.

Is Trane still owned by Ingersoll Rand?

The new company is called Ingersoll Rand Inc. and trades on the New York Stock Exchange under the symbol IR. The original Ingersoll Rand becomes Trane Technologies, trading under the ticker symbol TT. Original Ingersoll Rand shareholders own 50.1% of the new company, but it is run by Vicente Reynal.

What brands does Trane make?

Trane Technologies Makes:

  • Trane Technologies Makes:
  • Trane & American Standard brands are nearly identical — with only cosmetic differences.
  • Trane’s XL & XR product lines (best & better) -and- XB product line (good).
  • American Standard’s Platinum & Gold product lines (best & better) -and- Silver product line (good).

Is Trane going out of business?

The Trane manufacturing facility, located at Mercer Road, will shut down in 2019, according to parent company Ingersoll Rand. The company also says it plans to fill 500 other manufacturing jobs in the U.S.

Who makes Goodman?

Daikin Industries, Ltd
In 2012, Goodman was purchased by Daikin Industries, Ltd and became a member of Daikin Group. Daikin is a global Fortune 1000 company and is a worldwide leader for residential and commercial heating, ventilation and air conditioning.

Which is No 1 AC in world?

1. Daikin. Daikin is one of the largest AC brands in the world.

Is Trane Made in USA?

Trane air conditioners and heat pumps are assembled all across America in Texas, New Jersey, Georgia, Arkansas, Florida, and Missouri. More locally, some of the compressors used in Trane air conditioners are made in Sidney, Ohio!

Is Goodman owned by Trane?

Houston, Texas, U.S. Goodman Manufacturing is an American company operating as an independent subsidiary of Daikin Group, the world’s largest manufacturer of heating, ventilation and air conditioning products and systems.

How long do Trane air conditioners last?

The good news for those who choose to go with a Trane AC unit, is that,these days the expected lifespan for the unit is 15-20 years. Many owners elect to replace units closer to 10-15 in order to upgrade to a more efficient model.