Trane Technologies and Kieback&Peter Join Forces to Accelerate Sustainable Building Innovation

Trane Technologies plc, a global climate innovator, has entered into a definitive agreement to acquire a 49% minority stake in Kieback&Peter Group (K&P), a European leader in building automation software and solutions headquartered in Berlin, Germany. The investment marks a pivotal step in advancing Trane Technologies’ digital and controls strategy and expands opportunities to accelerate climate innovation in the Europe, Middle East, and Africa (EMEA) region.

Kieback&Peter, founded in 1927, specializes in intelligent building technology that supports the company’s vision to make buildings more comfortable, energy-efficient, and environmentally responsible. With proprietary hardware, software, and energy management solutions, and more than 1,700 employees across 50 locations worldwide, Kieback&Peter helps governments, businesses, healthcare providers, and industries reduce energy waste and achieve their sustainability goals.

Under the terms of the agreement, Trane Technologies will acquire a 49% interest in Kieback&Peter, with an option to assume full ownership after a three-year period. The strategic partnership includes a commercialization agreement enabling the two companies to offer highly complementary solutions to their respective customers across the region.

The investment and commercialization agreement are expected to close in the coming months, subject to regulatory approvals. Kieback&Peter will continue to operate independently, led by Managing Partner Christoph Ritzkat.