Divestiture May 2016 · Baltimore Verified
CPower acquires Johnson Controls' Integrated Demand Resources business
CPower acquired Johnson Controls' Integrated Demand Resources (iDR) demand-response business; for Johnson Controls the transaction is a carve-out of that unit as it refocuses on building management technologies.
“BALTIMORE — CPower announced it has acquired Johnson Controls’ Integrated Demand Resources (iDR) business. The purchase is part of CPower’s ongoing efforts to expand its demand response portfolio nationwide. For Johnson Controls, the transaction is part of a continuing strategy to invest in its building management technologies designed to deliver energy and operational efficiency to its customers.”
Entities
CPower · Acquirer Johnson Controls · Target
Other
Source: www.achrnews.com
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.