Johnson Controls, a leader in building management and heating/ventilation equipment, has announced it will combine with global fire and security provider Tyco International in yet another deal that gathered the attention of the industry.
In yet another deal that gathered the attention of the industry, Johnson Controls, a leader in building management and heating/ventilation equipment, has announced it will combine with global fire and security provider Tyco International with the goal of offering more integrated solutions combining security and building automation.
According to the agreement, Johnson Controls shareholders will own about 56 percent of the new company and receive aggregate cash consideration of approximately US$3.9 billion. Tyco shareholders will own the remaining 44 percent. The transaction is expected to complete by the e...
Product Adopted:Building