Trane Technologies plc (NYSE:TT) entered into a definitive agreement to acquire remaining majority stake in LiquidStack Inc. from Liquidstack Holding B.v.

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Trane Technologies plc (NYSE:TT) has entered into a definitive agreement to acquire the remaining majority stake in LiquidStack Inc. from Liquidstack Holding B.v. The acquisition, expected to close in early 2026, will integrate LiquidStack into Trane Technologies’ Commercial HVAC business unit, with LiquidStack’s co-founder and CEO, Joe Capes, continuing to lead the business within Trane. This move aims to accelerate end-to-end data center thermal management solutions.

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