The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Taking Controls

07 September 2016 | Updated 01 January 1970

Johnson Controls and Tyco have finally completed their merger to create what  many would argue is the world's largest building controls developer, manufacturer and maintainer.

The portfolio of products and services encompasses building management systems and controls, fire, security and HVAC and also includes energy storage. The newly formed company is also expected to be a leader in the burgeoning IoT market for its devices.

The combined companies, under the Johnson Controls International name, started trading on September 6 with $30 billion in revenue and 117,000 employees in nearly 500 branches across 150 countries - and with one million customers.

A joint statement reads: 'Longer term, the company is positioned to drive new innovations in technology and business models to support the smart buildings, campuses and cities of the future as well as building upon strategic, high value-added services driven by data analytics and connectivity. Johnson Controls also will have one of the largest energy storage platforms with capabilities spanning the technology spectrum to serve an expanding global energy storage market'.

Johnson Controls' automotive business is still on schedule to spin off into an independent company, known as Adient, on October 31, 2016.

Picture: Johnson Controls supports the world's most energy efficient campus - the six million sq.m Shadadiyah Campus of Kuwait University

Article written by Robin Snow | Published 07 September 2016


Related Articles

Getting Sporty - Sodexo In Major Transfer Deal

Sodexo and Olympus Partners has announced (Nov 15) that Sodexo has signed an agreement to acquire Centerplate, Inc. a provider of food and beverage, merchandise and...

 Read Full Article
FM - Here Is THE News

BBC - Here is the News The Beeb will continue receiving its FM from Interserve in a £140 million contract running until 2023. This latest four-year extension to...

 Read Full Article
Squaring It With Qube

MRI Software has acquired Qube Global Software, a UK based provider of property and facilities management Solutions. The acquisition, according to MRI, extends the...

 Read Full Article
Ground Control to Major Deal

Ground Control has strengthened its winter maintenance capabilities through the acquisition of Litter Boss, claiming the acquisition of increases nationwide economies of...

 Read Full Article
Bidvest Group Acquires Noonan

The Bidvest Group has completed an agreement with the majority shareholder in Noonan, Alchemy Partners LLP, which will see Bidvest acquire the entire shareholding in...

 Read Full Article
Global Workplace Solutions - Old Name Becomes New Name

CBRE's acquisition of Johnson’s Controls’ Global Workplace Solutions has been confirmed (Tues Sept 1) at a cost of about $1.475 billion. GWS had revenue...

 Read Full Article
Imtech Survives on Endless Credit

Imtech UK has announced (Tues 01 Sept) that it has concluded a deal to refinance its business through an investment from private equity firm Endless LLP. The...

 Read Full Article
ISS Buys GSH - The Interview

In mid-January, ISS UK Limited, a global provider of facility services, acquired the UK & European operations of engineering firm GSH Group Plc (£72m in the...

 Read Full Article
SPIE's Share Scheme Sinks - No Interest in Offer

The international engineering, FM and energy company SPIE, with its headquarters in Paris, has embarrassingly had to drop its plans to raise money via the French stock...

 Read Full Article
Noonan Resources Up

Noonan, the largest outsourced FM provider in the Republic of Ireland has almost doubled in size through its acquisition of the business and operations of the Resource...

 Read Full Article