Building on Trane Technologies’ minority investment in LiquidStack in 2023, this acquisition enhances Trane Technologies’ data center thermal management solutions, spanning chillers, heat rejection, controls, liquid distribution, and on‑chip cooling, and will scale LiquidStack’s pioneering technology globally. The acquisition includes LiquidStack’s highly skilled global team and manufacturing, engineering and research and development operations in Texas and Hong Kong.
Upon closing, LiquidStack will operate globally within the Commercial HVAC business unit of the Trane Technologies Americas segment. LiquidStack co-founder and CEO Joe Capes will join Trane Technologies in a leadership role and will continue to lead the LiquidStack business.
The transaction is expected to close in early 2026, subject to closing conditions.
The team further consists of Emma Wiggers, Sophie Umans (Corporate / M&A), Ash Beesemer, Marije Bader, Riemer Meinderts, Nico Blom, Nina Kielman (Corporate Tax), Eline Keuning, Marloes van der Laan, Elodie Smits, Wijnand Bossenbroek (Corporate Advisory), Fleur Terlouw, Jasmijn van Koetsveld (Competition), Marc Orval, Kalina Petrovski (Finance) and Daniël Kuiper (Employment).
About LiquidStack
LiquidStack™ is the respected leader in liquid cooling for information technology hardware, telecommunications, and blockchain systems. Having pioneered the world’s highest density, most efficient, and sustainable liquid cooling solution in 2012, our advanced liquid cooling solutions continue to serve as the backbone for highly scalable and environmentally safe hyperscale, colocation, neocloud, enterprise, edge, and blockchain data centers. LiquidStack’s universal direct-to-chip CDUs, DataTank™, EdgeTank™, CryptoTank™, MicroModular™ and MacroModular™ systems and services are enabling real-time advancement of computing and communications while supporting a sustainable planet. Learn more at liquidstack.com.
