From a business standpoint, wouldn't IR want to keep Trane? I think Trane makes the most money of all of IR's companies. Interesting topic. Is this rumor, or speculation on your part?
One of my friends from a Trane branch told me about it, so I called another friend from a different Trane branch and he said everything's preliminary right now. Actually I-R is claiming high losses from Trane right now, just like it did before it somewhat unloaded Hussmann.
I just spoke to my friend here at the local Trane branch. He said Trane is on the market, they just don't who the front runner is yet. Actually I-R Security isn't too bad, it's not just door locks. In some markets, they compete with Firehawk (the former Chubb) and Tyco Fire & Security.
So will it be Trane equipment with Siemens BAS? Or something else all together?
I think i remember our Trane account manager saying that Trane was one of their most profitable divisions but the security divisions were weighing ir down. I think they had hoped to integrate bas with security, but it might have been too much of a stretch to make both groups work together.
I don't understand why some companies spin themselves off only to sell. When "The Trane Co." spun itself off from American Standard it became "Trane Inc.", but only to sell to I-R.
It would've made sense for I-R and UTC to streamline its Mechanical, BAS, and FSS services under one roof. With UTC selling Chubb and I-R spinning off its Security Technologies division, both have exited the FSS market. I believe only JC has Mechanical (also as an OEM with York and Frick), BAS and FSS under one roof. Let me know if I'm wrong.