Trane Technologies to Acquire BrainBox AI
Trane Technologies (NYSE: TT) has announced a definitive agreement to acquire BrainBox AI, a pioneer in autonomous HVAC controls and AI building technology. BrainBox AI's technology, deployed across 14,000+ commercial buildings globally, uses deep learning algorithms to reduce energy consumption by up to 25% and greenhouse gas emissions by up to 40%.
The acquisition combines BrainBox AI's technology with Trane's advanced building management capabilities to address the 15% of global GHG emissions related to building heating and cooling. The companies have already collaborated for two years through Trane® Autonomous Control. BrainBox AI's team of 190+ associates will join Trane Technologies, maintaining operations in Montreal. The transaction is expected to close in early 2025.
Trane Technologies (NYSE: TT) ha annunciato un accordo definitivo per acquisire BrainBox AI, un pioniere nei controlli HVAC autonomi e nella tecnologia edilizia basata sull'intelligenza artificiale. La tecnologia di BrainBox AI, utilizzata in oltre 14.000 edifici commerciali in tutto il mondo, sfrutta algoritmi di deep learning per ridurre il consumo energetico fino al 25% e le emissioni di gas serra fino al 40%.
L'acquisizione combina la tecnologia di BrainBox AI con le avanzate capacità di gestione degli edifici di Trane per affrontare il 15% delle emissioni globali di gas serra legate al riscaldamento e al raffreddamento degli edifici. Le aziende hanno già collaborato per due anni attraverso il controllo autonomo Trane®. Il team di BrainBox AI, composto da oltre 190 collaboratori, si unirà a Trane Technologies, mantenendo le operazioni a Montreal. La transazione dovrebbe chiudersi all'inizio del 2025.
Trane Technologies (NYSE: TT) ha anunciado un acuerdo definitivo para adquirir BrainBox AI, un pionero en controles HVAC autónomos y tecnología de edificios basada en inteligencia artificial. La tecnología de BrainBox AI, desplegada en más de 14,000 edificios comerciales a nivel mundial, utiliza algoritmos de aprendizaje profundo para reducir el consumo de energía hasta en un 25% y las emisiones de gases de efecto invernadero hasta en un 40%.
La adquisición combina la tecnología de BrainBox AI con las avanzadas capacidades de gestión de edificios de Trane para abordar el 15% de las emisiones globales de GHG relacionadas con la calefacción y refrigeración de edificios. Las empresas ya han colaborado durante dos años a través de Trane® Autonomous Control. El equipo de BrainBox AI, compuesto por más de 190 asociados, se unirá a Trane Technologies, manteniendo operaciones en Montreal. Se espera que la transacción se cierre a principios de 2025.
트레인 기술(뉴욕증권거래소: TT)는 자율 HVAC 제어 및 AI 건물 기술의 선구자인 브레인박스 AI를 인수하기 위한 확정 계약을 발표했습니다. 브레인박스 AI의 기술은 전 세계 14,000개 이상의 상업용 건물에서 사용되며, 딥 러닝 알고리즘을 활용해 에너지 소비를 최대 25% 줄이고 온실가스 배출량을 최대 40%까지 줄입니다.
이번 인수로 브레인박스 AI의 기술과 트레인의 고급 건물 관리 기능이 결합되어 건물 난방 및 냉방과 관련된 전 세계 온실가스 배출의 15%를 해결할 수 있게 됩니다. 두 회사는 이미 트레인® 자율제어 시스템을 통해 2년간 협력해왔습니다. 브레인박스 AI의 190명 이상의 직원이 트레인 기술로 합류하며 몬트리올에서 운영을 유지할 것입니다. 거래는 2025년 초에 마무리될 것으로 예상됩니다.
Trane Technologies (NYSE: TT) a annoncé un accord définitif pour acquérir BrainBox AI, un pionnier dans les contrôles HVAC autonomes et la technologie des bâtiments AI. La technologie de BrainBox AI, déployée dans plus de 14 000 bâtiments commerciaux à l'échelle mondiale, utilise des algorithmes d'apprentissage profond pour réduire la consommation d'énergie jusqu'à 25% et les émissions de gaz à effet de serre jusqu'à 40%.
L'acquisition combine la technologie de BrainBox AI avec les capacités avancées de gestion des bâtiments de Trane pour s'attaquer aux 15% des émissions mondiales de GES liées au chauffage et à la climatisation des bâtiments. Les entreprises ont déjà collaboré pendant deux ans à travers le contrôle autonome Trane®. L'équipe de BrainBox AI, composée de plus de 190 associés, rejoindra Trane Technologies tout en maintenant ses opérations à Montréal. La transaction devrait être conclue début 2025.
Trane Technologies (NYSE: TT) hat eine endgültige Vereinbarung zur Übernahme von BrainBox AI, einem Pionier in autonomen HVAC-Steuerungen und KI-Gebäudetechnologie, bekannt gegeben. Die Technologie von BrainBox AI, die in über 14.000 gewerblichen Gebäuden weltweit eingesetzt wird, nutzt Deep-Learning-Algorithmen, um den Energieverbrauch um bis zu 25% und die Treibhausgasemissionen um bis zu 40% zu reduzieren.
Die Übernahme kombiniert die Technologie von BrainBox AI mit Tranes fortschrittlichen Gebäudemanagementfähigkeiten, um die 15% der globalen GHG-Emissionen anzugehen, die mit der Heizung und Kühlung von Gebäuden verbunden sind. Die Unternehmen haben bereits zwei Jahre lang über Trane® Autonomous Control zusammengearbeitet. Das Team von BrainBox AI mit über 190 Mitarbeitern wird zu Trane Technologies stoßen und die Aktivitäten in Montreal aufrechterhalten. Der Abschluss der Transaktion wird für Anfang 2025 erwartet.
- Technology proven to reduce energy consumption by up to 25%
- Established presence in 14,000+ commercial buildings globally
- Builds on existing successful 2-year partnership
- Retention of key leadership and 190+ associates
- BrainBox AI's ARIA platform recognized as TIME's Best Invention 2024
- None.
Insights
The acquisition of BrainBox AI marks a strategic move in the smart building technology sector. The integration of BrainBox AI's deep learning algorithms with Trane's building management systems creates a powerful synergy in autonomous HVAC control. Their technology's proven track record of
The deal strengthens Trane's competitive position in two critical areas: autonomous building operations and generative AI applications. The ARIA platform, recognized by TIME as a top invention, represents a breakthrough in facility management automation. This positions Trane to capture a larger share of the rapidly growing smart building market, estimated at
For investors, this bolt-on acquisition follows Trane's successful pattern of technology integration and scaling. The retention of BrainBox AI's leadership and Montreal operations suggests a thoughtful approach to preserving innovation capabilities while leveraging Trane's global distribution network.
This acquisition directly addresses the critical challenge of building-related emissions, which account for
The deal significantly enhances Trane's ESG proposition and positions the company as a leader in sustainable building solutions. The technology's ability to autonomously optimize energy usage aligns perfectly with increasing regulatory pressure and corporate commitments to reduce carbon footprints. This strengthens Trane's appeal to ESG-focused investors and customers prioritizing environmental performance.
The maintenance of operations in Montreal's AI hub shows commitment to fostering innovation in climate tech, while the global deployment potential through Trane's network could accelerate adoption of energy-efficient building solutions worldwide.
- Combines BrainBox AI’s leading Artificial Intelligence technology with Trane Technologies’ advanced building management and digital capabilities to meet fast-growing demand for sustainable, autonomous building solutions
- Accelerates and scales smart building technologies that reduce demand-side energy consumption and greenhouse gas (GHG) emissions
SWORDS,
Headquartered in
“Advanced AI technology is supercharging what’s possible as we reduce energy and emissions from the built environment,” said Riaz Raihan, Chief Digital Officer, Trane Technologies. “BrainBox AI and Trane Technologies share a passion for accelerating and scaling innovative, customer-focused AI solutions and smart building technologies that address the world’s pressing climate challenges. We look forward to welcoming the talented BrainBox AI team.”
The acquisition further augments Trane Technologies’ advanced building management and digital capabilities and represents a natural extension of the companies’ existing collaboration. The companies have partnered over the past two years to help customers reduce their carbon footprint and meet business goals. Trane® Autonomous Control couples Trane’s cloud-based building automation system with BrainBox AI technology to analyze live data from multiple sources; accurately predict zone temperature and energy loads; and perform system improvements 24/7 to optimize energy usage.
Sam Ramadori, Chief Executive Officer, BrainBox AI, and Jean-Simon Venne, Co-founder and Chief Technology Officer, BrainBox AI, will continue to lead the BrainBox AI business and team of more than 190 associates, primarily based in
“At BrainBox AI, we believe in the power of AI in addressing climate change,” said Sam Ramadori, BrainBox AI CEO. “Combining BrainBox AI’s advanced technology with Trane Technologies’ leading digital platform and best-in-class global direct sales capabilities will accelerate the deployment of smart building solutions worldwide and achieve greater outcomes for our people, customers and the world. We look forward to an exciting new chapter for BrainBox AI as part of Trane Technologies.”
BrainBox AI’s recently launched ARIA platform (Artificial Responsive Intelligent Agent) was selected as one of TIME’s Best Inventions of 2024. ARIA, the world’s first virtual building engineer, delivers precise and accurate data visualization, sound reasoning, and informed actions for facility management professionals.
This bolt-on acquisition follows Trane Technologies’ proven model of adding leading technologies that augment its core business and scaling them to deliver strong returns over time.
The transaction is expected to close in early 2025. The transaction is not material to the company; additional details were not disclosed.
About Trane Technologies
Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our environmentally responsible portfolio of products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. Learn more at tranetechologies.com.
About BrainBox AI
Founded in 2017, BrainBox AI was created to address the dilemma currently facing the built environment: its energy consumption and significant contribution to climate change. As innovators of the global energy transition, BrainBox AI’s game-changing HVAC technology leverages autonomous AI to make buildings smarter, greener, and more efficient. Working together with trusted global partners, BrainBox AI supports real estate clients in various sectors, including office buildings, hotels, commercial retail, grocery stores, airports, and more. Headquartered in
Forward-Looking Statements
This news release includes “forward-looking statements” within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to the acquisition of BrainBox AI and the anticipated impact of the transaction on the Company’s strategic initiatives and sustainability commitments. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2023, as well as our subsequent reports on Form 10-Q and other SEC filings. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. We assume no obligation to update these forward-looking statements.
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Source: Trane Technologies
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