Trane Technologies to Acquire Nuvolo to Complement Connected Equipment and Service Capabilities.
MANews-(C)2009-2023
Irish global climate innovator Trane Technologies (NYSE: TT) has agreed to acquire Massachusetts-based connected workplace and enterprise asset management products and solutions provider Nuvolo, to expand SaaS and digital capabilities for modern workplace and enterprise asset management solutions, the company said.
Terms of the transaction were not disclosed. The transaction is subject to regulatory approval, with closing expected in the fourth quarter of 2023.
Built on the ServiceNow Platform, Nuvolo Connected Workplace helps customers modernise facilities management, optimise spaces, and manage the full lifecycle of enterprise assets utilising a single solution.
The acquisition will bring together the companies' complementary capabilities, technology, offerings, and customer bases across shared key verticals, including healthcare, life sciences, retail...
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