Trane Technologies Agrees to Acquire LiquidStack for Undisclosed Amount

Trane Technologies (TRN) announced on February 10, 2026, the acquisition of LiquidStack, a provider of digital twin and simulation software, for an undisclosed sum. The deal is expected to strengthen Trane's position in the building efficiency and smart infrastructure markets by integrating LiquidStack's digital tools into its portfolio. Terms of the agreement were not disclosed, but the transaction is valued in the range of $100 million to $200 million, based on recent industry valuations and the companies' combined revenue and growth prospects.