Trane Technologies to Acquire LiquidStack to Expand Data Center Cooling Capabilities

Acquire LiquidStack to Expand Data Center

Ireland: Trane Technologies, a global climate innovator headquartered in Swords, Ireland, has entered into a definitive agreement to acquire LiquidStack, a global leader in liquid cooling technology for data centers based in Carrollton, Texas, to strengthen its position as a full-service provider of end-to-end data center thermal management solutions. Building on its minority investment in 2023, the acquisition will enhance Trane’s capabilities across chillers, heat rejection, controls, liquid distribution, and on-chip cooling, while scaling LiquidStack’s advanced direct-to-chip and immersion cooling technologies designed to support high-density generative AI and hyperscale computing workloads.

The deal includes LiquidStack’s global team and its manufacturing, engineering, and R&D operations in Texas and Hong Kong, and upon closing, the company will operate within Trane Technologies’ Commercial HVAC business unit in the Americas segment. The transaction is expected to close in early 2026, subject to customary conditions, with financial terms undisclosed, and follows the company’s recently announced acquisition of Stellar Energy, which is also expected to close in the first quarter of 2026.

Source: Trane Technologies