Trane Technologies has acquired a minority stake in Germany-based building automation software provider Kieback&Peter Group (K&P).
The investment marks a pivotal step in advancing Trane Technologies’ digital and controls strategy.
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 commercialisation agreement enabling the two companies to offer highly complementary solutions to their respective customers across the region.
“This agreement underscores Trane Technologies’ ongoing commitment to climate leadership, digital innovation and delivering exceptional value to our customers,” said Jose La Loggia, Group President, EMEA, Trane Technologies. “By leveraging our scale and leading sustainable building solutions alongside Kieback&Peter’s advanced controls and building management systems, we will be uniquely positioned to accelerate climate innovation, reduce wasted energy and shape the future of intelligent buildings.”
The investment and commercialisation 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.
“For nearly a century, Kieback&Peter has stood for premium quality, exceptional customer dedication, and sustainable innovation that helps make our world a better place – values shared by Trane Technologies,” said Christoph Ritzkat, Managing Partner, Kieback&Peter. “I am confident our work with Trane Technologies will help us build upon our legacy and drive long-term growth through expanded capabilities, offerings and customer-focused solutions. We are excited to embark on this new chapter together.”
