Trane to Siemens

[MechanicallyInclined]

Developing news. What truth is there to Ingersoll-Rand selling Trane to Siemens?

[TheChillerMan]

Developing news. What truth is there to Ingersoll-Rand selling Trane to Siemens?

Oh gawd I don't know.

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?

[MechanicallyInclined]

Oh gawd I don't know.

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.

[chesehd]

I remember hearing this rumor back in 2004'ish. I wouldn't go buying or selling any stocks over it just yet.

[motoguy128]

I guess ir wants to get back to yje core business of making blowers.... and door locks.

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[MechanicallyInclined]

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?

[jtrammel]

My uncle in law is vp of ingersoll rand and trane equipment so il ask him today at thanksgiving and see if he can give me the scoop

[jtrammel]

He said he hasn't heard semiens buying but "something is in the works" and they will know for sure what's gonna happen the end of December

[steveoo]

Don't rule out Daiken.

[Tech Rob]

Scary.

[TheChillerMan]

So it looks like the big Ingersoll Rand shake up doesn't involve Trane at all.

IR is going to spin off it's security division, including Schlage to form a stand alone company.

[motoguy128]

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.

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[MechanicallyInclined]

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.