Trane Technologies plc is an American-Irish domiciled company focused on heating, ventilation, and air conditioning (HVAC) and refrigeration systems.

In 2002, shareholders voted to move the company's incorporation to Bermuda to capitalize on the savings on U.S. corporate income taxes on products sold overseas.

This included factories in United States, China, Japan making above ground rotary blasthole and deephole drilling machines.

[3] On 17 December 2007, Ingersoll Rand announced an offer to purchase HVAC supplier Trane, in a stock and cash transaction.

[5] In 1885, James Trane, a Norwegian immigrant, opened his own plumbing and pipe-fitting shop in La Crosse, Wisconsin.

Reuben Trane, James' son, earned a mechanical engineering degree in 1910 and joined his father's plumbing firm.

Ingersoll Rand announced in March 2009 its intention to relocate its offices from Bermuda to Ireland, a decision which shareholders approved in a vote.

[8] On 2 December 2013, Ingersoll Rand completed the spinoff of its security hardware sector into a standalone business named Allegion, which maintains commercial and residential security hardware brands such as Schlage, Von Duprin, LCN, Bricard, Interflex, Normbau and CISA.

[10] In October 2018, Ingersoll Rand received takeover interest in its power tools business, which was slated to be worth up to $750 million in a potential sale.