Trane Technologies to buy liquid-to-chip business
2nd December 2025
USA: Trane Technologies has entered into a definitive agreement with Stellar Energy International Ltd to acquire its Stellar Energy Digital liquid-to-chip data centre cooling business.
Headquartered in Jacksonville, Florida, Stellar Energy designs and builds modular cooling plants, central utility plants and coolant distribution units for liquid-cooled data centres and other complex corporate enterprises.
The acquisition will include Stellar Energy’s existing Digital business operations, including two assembly operations in Jacksonville, Florida, and its team of approximately 700 employees.
According to Trane Technologies, the acquisition bolsters its capabilities in the high growth data centre thermal management solutions market and provides opportunities employ Stellar Energy’s expertise in modular design, engineering and assembly across numerous core commercial verticals.
“The data center ecosystem is growing rapidly and evolving toward more agile, sustainable solutions, which is where Stellar Energy excels with leading co-engineered, modular solutions and a proven business model,” said Karin De Bondt, Trane Technologies’ chief strategy officer.
Upon completion, Stellar Energy’s Digital business will operate within the Commercial HVAC business unit of the Trane Technologies Americas segment, retaining its brand, OEM-agnostic direct-to-customer sales model, and existing customer relationships.
The transaction is expected to be completed in early 2026, subject to closing conditions and regulatory approval. Financial terms were not disclosed.
