Market news, 04 January 2025
Trane Technologies Finalizes Acquisition of BrainBox AI
Date:
06 January 2025
Trane Technologies, a leading climate innovator, has completed its acquisition of BrainBox AI, a trailblazer in autonomous HVAC controls and generative AI building technology. This move, initially announced on December, 2024, integrates BrainBox AI’s advanced AI technology with Trane Technologies’ building management and digital solutions, addressing the growing demand for sustainable, autonomous building solutions.
BrainBox AI leverages deep learning algorithms to predict energy needs and automate HVAC operations, significantly reducing energy consumption by up to 25% and lowering GHG emissions by 40%. The acquisition enhances the firms' existing collaboration.
“We are delighted to officially welcome BrainBox AI associates as we further expand upon our companies’ complementary capabilities, technology and offerings,” stated Riaz Raihan, senior vice president and Chief Digital Officer of Trane Technologies.
BrainBox AI leverages deep learning algorithms to predict energy needs and automate HVAC operations, significantly reducing energy consumption by up to 25% and lowering GHG emissions by 40%. The acquisition enhances the firms' existing collaboration.
“We are delighted to officially welcome BrainBox AI associates as we further expand upon our companies’ complementary capabilities, technology and offerings,” stated Riaz Raihan, senior vice president and Chief Digital Officer of Trane Technologies.
