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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
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Source: www.achrnews.com

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