Maker of air conditioning
and heating systems.
One Centennial Avenue
Piscataway, NJ 08854
CEO: Frederic Poses
Stock Symbol: TT
Trane Career Site
Trane was formerly known as American Standard
and changed its name in November 2007.
Trane is a leading maker of heating and
air conditioning equipment for homes and commercial buildings.
Trane is the leader in indoor air quality
in the residential HVAC market. American Standard Heating &
Air Conditioning is the fastest growing premium brand in the
In 2007, American Standard had revenues
of $7.45 billion.
Trane announced in December an agreement
to be acquired by Ingersoll Rand for $36.50 in cash and .23 Ingersoll
Rand shares of common stock for each Trane share. The deal is
expected to close by mid year.
The company has 7,600 service engineers
and technicians worldwide. It has 400 locations in over 100 countries.
American Standard traces its roots back
to 1872, when John B. Pierce opened a tinware shop in Ware, MA.
With the business skills he forged in this shop, he would later
found the Pierce Steam Heating Company, one of three companies
that would merge in 1892 to become the American Radiator Company.
In 1929, the American Radiator Company
merged with The Standard Sanitary Manufacturing Company. Products
from the combined company could be found in about half of the
homes in the U.S. and Europe. For the next 18 years, the business
was known as the American Radiator & Standard Sanitary Corporation.
By 1948, people had informally shortened
the name of the company to American-Standard, so the company
began to refer to itself by that name.
1968 - WABCO joined the American Standard
family of companies. That same year, American Standard drops
the hyphen from its name.
In 1984 Trane was acquired by American
Standard Companies and remained the largest of its three businesses:
Air Conditioning Systems and Services, Vehicle Control Systems
(WABCO) and Bath and Kitchen.
On Nov. 28, 2007, the three American Standard
businesses were separated into individual companies, leaving
each free to concentrate exclusively on the markets it knows
best. Over the course of the year WABCO was spun off as an independent
corporation and Bath and Kitchen was sold to Bain Capital Partners.
On Nov. 28th American Standard Companies changed its name to
Trane, with its stock trading under the new symbol "TT".
Updated February 6, 2008