Majority stake Announced Jul 2023 · Closed Jul 2023
Johnson Controls acquires FM:Systems from Accel-KKR for $455M base price
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Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
Johnson Controls acquired FM:Systems, a digital workplace management and IoT software provider previously owned by PE firm Accel-KKR, for a $455 million base price plus earnout. FM:Systems' CEO will join Johnson Controls in a leadership role.