SWORDS, Eire, November 03, 2023–(Organization WIRE)–Trane Systems (NYSE: TT), a world-wide local climate innovator, has accomplished the acquisition of Nuvolo, a international chief in modern, cloud-primarily based connected place of work and company asset administration products and solutions and methods. The acquisition was beforehand announced in a push release on October 2, 2023.
The acquisition expands Trane Technologies’ software-as-a-services (SaaS) and electronic abilities to meet up with fast-increasing requires for present day office and asset administration answers. Nuvolo Related Place of work, developed on the ServiceNow™ System, allows shoppers modernize services management, optimize spaces, and deal with the total lifecycle of organization assets using a solitary remedy.
“We are delighted to officially welcome Nuvolo associates and get started the thrilling work of building on our companies’ complementary capabilities, technologies and offerings,” reported Paul Camuti, govt vice president and chief technological innovation and sustainability officer of Trane Technologies. “Alongside one another, we glimpse ahead to accelerating Nuvolo’s world advancement and bringing expanded earth-class electronic options to our world clients and partners that aid them realize their decarbonization and place of work transformation aims.”
About Trane Systems
Trane Technologies is a international weather innovator. Through our strategic manufacturers Trane® and Thermo King®, and our environmentally liable portfolio of goods and expert services, we bring efficient and sustainable local climate solutions to properties, houses, and transportation. Understand additional at tranetechologies.com.
Nuvolo is the world chief in present day, cloud-dependent linked place of work methods, built on ServiceNow. Nuvolo offers a solitary platform to manage all individuals, all bodily spots, all property, and all get the job done across the business. Industries served include health care, life sciences, retail, public sector, bigger education, technological innovation, financial expert services, and organization. Nuvolo is headquartered in Wellesley, MA, with a world-wide workforce found throughout North The us, Europe, and Asia. Master a lot more at nuvolo.com.
This information release features “forward-on the lookout statements” in the indicating of securities legal guidelines, which are statements that are not historical points, which includes statements that relate to the acquisition of Nuvolo and the predicted impact of the transaction on the Company’s strategic initiatives and sustainability commitments. These ahead-hunting statements are dependent on our current expectations and are issue to challenges and uncertainties, which may perhaps lead to true effects to vary materially from our current anticipations. Elements that could lead to this sort of discrepancies can be discovered in our Sort 10-K for the 12 months finished December 31, 2022, as nicely as our subsequent reports on Variety 10-Q and other SEC filings. New dangers and uncertainties crop up from time to time, and it is extremely hard for us to predict these functions or how they could have an affect on the Company. We assume no obligation to update these ahead-looking statements.
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