Trane Technologies, a global climate innovator, has completed the acquisition of Nuvolo, a pioneer in modern, cloud-based connected workplace and enterprise asset management products and solutions. The acquisition was previously announced in a press release on October 2, 2023.
The acquisition expands Trane Technologies’ software-as-a-service (SaaS) and digital capabilities to meet fast-growing demands for modern workplace and asset management solutions. Nuvolo Connected Workplace, built on the ServiceNow™ Platform, helps customers modernize facilities management, optimize spaces, and manage the full lifecycle of enterprise assets utilizing a single solution.
Asset management products
“We are delighted to officially welcome Nuvolo associates and begin the exciting work of building on our companies’ complementary capabilities, technology and offerings,” said Paul Camuti, executive vice president and chief technology and sustainability officer of Trane Technologies.
“Together, we look forward to accelerating Nuvolo’s global growth and bringing expanded world-class digital solutions to our global customers and partners that help them achieve their decarbonization and workplace transformation goals.”