# Trane Technologies agrees to acquire Al-Ko Air Technology from AL-KO Kober SE

Trane Technologies agreed to acquire Al-Ko Air Technology Co., Ltd from AL-KO Kober SE, including three manufacturing sites in Germany and China and approximately 800 employees. The transaction is expected to close by the end of 2022.

- Type: Acquisition
- Announced: 2022-08-30
- Where: Jettingen-Scheppach, Germany, Germany
- Jobs: 800
- Status: announced
- Products: air technology products
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Trane Technologies](https://endata.com/companies/6465.md) (acquirer)
- [AL-KO Kober Holdings](https://endata.com/companies/37335.md) (target)
- [Al-Ko Air Technology Co., Ltd](https://endata.com/companies/64992.md) (target)
- [AL-KO SE](https://endata.com/companies/65282.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/TRANE-TECHNOLOGIES-PLC-13109/news/Trane-Technologies-plc-NYSE-TT-agreed-to-acquire-Al-Ko-Air-Technology-Co-Ltd-from-AL-KO-Kober-SE-41702756/), 2022-08-29: "Trane Technologies plc (NYSE:TT) agreed to acquire Al-Ko Air Technology (Suzhou) Co., Ltd. from AL-KO Kober SE on August 30, 2022."
- [coolingpost.com](https://www.coolingpost.com/world-news/trane-set-to-acquire-german-company-al-ko/), 2022-08-30: "Trane Technologies has signed an agreement in principle to purchase AL-KO Air Technology, a division of AL-KO SE, based in Jettingen-Scheppach, Germany."
- [refrigerationworldnews.com](https://www.refrigerationworldnews.com/trane-technologies-signs-agreement-to-purchase-al-ko-air-technology/), 2022-09-13: "We’re very excited about this agreement with AL-KO Air Technology."
- [rlt-service.net](https://www.rlt-service.net/trane-technologies-kauft-al-ko-air-technology/), 2024-01-06: "Trane Technologies hat am 30. August 2022 bekannt gegeben, dass es eine grundsätzliche Vereinbarung zum Kauf der AL-KO Air Technology unterzeichnet hat."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.