The American Standard Companies (which included the Trane commercial and residential HVAC business) was officially acquired by Ingersoll Rand in 2008 for approximately $10.1 billion, integrating Trane into Ingersoll Rand's global climate control portfolio. Later, in 2020, Ingersoll Rand spun off its entire industrial segment, establishing Trane Technologies as an independent, publicly traded global climate innovation corporation focused exclusively on sustainable heating, ventilation, air conditioning, and refrigeration solutions.
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