What company bought Trane is Ingersoll Rand, which acquired Trane in 2008 for 10.1 billion dollars, and then in 2020, Trane Technologies was spun off as independent company. History: Trane was founded in 1913 in La Crosse, Wisconsin by James Trane. In 1984, American Standard Companies acquired Trane. In June 2008, Ingersoll Rand, a diversified industrial company, acquired Trane for 10.1 billion dollars to expand its climate control business, merging Trane with Ingersoll Rand's climate division. In 2020, Ingersoll Rand completed reverse Morris Trust transaction where it spun off its industrial segment and renamed its climate company Trane Technologies plc, which is now publicly traded on NYSE under symbol TT and headquartered in Davidson, North Carolina, with Swords, Ireland for tax purposes. Trane Technologies now owns Trane and American Standard HVAC brands. So current parent company is Trane Technologies, not Ingersoll Rand, which kept the industrial tools business and is now called Ingersoll Rand Inc. Daikin owns Goodman and Amana, not Trane. Trane still manufactures furnaces in Trenton, New Jersey and ACs in Tyler, Texas and other US plants under Trane Technologies ownership, maintaining heavy-duty build quality and extensive testing that brand is known for.
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