Benzinga | Aug 12, 2021 03:42PM EDT

Trane Technologies, Nexii Partner To Create Sustainable High-Performance Buildings

* Trane Technologies PLC (NYSE:TT) and Nexii Building Solutions Inc. (Nexii) have collaborated to create sustainable commercial buildings with significantly reduced carbon footprints.

* The financial terms of the deal were not disclosed.

* The collaboration combines Nexii's high-performance and efficient building construction expertise with Trane's digitally enabled EcoWise high-efficiency climate comfort systems to reduce energy usage and carbon emissions.

* Trane will be the exclusive North America heating, ventilation, and air conditioning (HVAC) supplier for new, sustainable buildings constructed by Nexii, including retail stores and restaurants.

* Price Action: TT shares are trading lower by 0.69% at $192 on the last check on Thursday.