Smart buildings are an excellent application for the Internet of Things (IoT), as utilizing the IoT allows for a more connected and efficient building, and by combining the strengths of Johnson Controls in building automation with the security applications of Tyco International, a fuller, more complete solution can be provided by the single entity.
On January 25 Johnson Controls (JCI) announced it had entered into a definitive merger agreement with Tyco International. The US-based Johnson Controls and Ireland-based Tyco International will combine under Tyco International and be renamed Johnson Controls, subject to regulatory approvals and approval by both companies' shareholders. The transaction is expected to be completed by the end of the fiscal year 2016.
There has been a lot of focus on the deal as a tax inversion deal; however, a lot is at stake for ...