hvacrollups.com
← Deals
Majority stake · Closed Nov 2019 Verified

Johnson Controls acquires Synchrony from Siemens

Relationship map

Relationship map for Johnson Controls acquires Synchrony from Siemensparent ofJohnson Controls: PlatformJohnson ControlsSynchrony: Operating CompanySYSynchrony
Operating CompanyPlatform

Parties

Acquirer
Johnson Controls
Platform
Target
Synchrony
Operating Company

Market signals

Summary

Johnson Controls acquired Synchrony, a Roanoke, Virginia magnetic-bearing technology firm, from Siemens Gas and Power; the deal closed Nov. 1. This is an HVAC equipment/technology acquisition, not a home-service trades roll-up.

Primary source