Trane Inc. is a subsidiary

Subsidiary

A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...

 of Ingersoll Rand

Ingersoll Rand

Ingersoll-Rand plc is a $13 billion global diversified industrial company founded in 1871. The Ingersoll Rand name came into use in 1905 through the combination of Ingersoll-Sergeant Drill Company and Rand Drill Company...

 and is the successor company to the American Standard Companies

American Standard Companies

American Standard Companies, Inc. was a global manufacturer of air conditioning systems and services, bath & kitchen products and vehicle control systems. The company divested all but the air conditioning business in 2007, and renamed itself Trane....

. It is a global provider of heating, ventilating and air conditioning

Air conditioning

An air conditioner is a home appliance, system, or mechanism designed to dehumidify and extract heat from an area. The cooling is done using a simple refrigeration cycle...

 (HVAC

HVAC

HVAC refers to technology of indoor or automotive environmental comfort. HVAC system design is a major subdiscipline of mechanical engineering, based on the principles of thermodynamics, fluid mechanics, and heat transfer...

) systems and building management systems and controls under the Trane and American Standard brand names. Its offerings include service and parts support and financial solutions.

A global, diversified manufacturing and services organization, Trane employs more than 29,000 people at 104 manufacturing locations in 28 countries, and has annual sales of more than $8 billion.