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Add-on acquisition · Closed Jan 2023 Verified

Johnson Controls acquires Hybrid Energy AS

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Relationship map for Johnson Controls acquires Hybrid Energy ASparent ofJohnson Controls: PlatformJohnson ControlsHybrid Energy AS: Operating CompanyHEHybrid Energy AS
Operating CompanyPlatform

Parties
Acquirer
Johnson Controls
Platform
Target
Hybrid Energy AS
Operating Company

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Summary

Johnson Controls acquired Norway-based Hybrid Energy AS, a high-temperature energy-management and industrial heat-pump provider, to enhance its industrial heat-pump portfolio. Financial terms were not disclosed.