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Add-on acquisition Oct 2018 Verified

Johnson Controls acquires assets of Lux Products Corp.

Johnson Controls Inc. acquired the assets of Lux Products Corp., a residential thermostat and smart-home products maker, to strengthen its consumer retail channel and thermostat portfolio.

“Johnson Controls Inc. announced it has acquired the assets of Lux Products Corp., a provider of residential thermostats and smart home products.”

Entities

Johnson Controls Inc. · Acquirer Lux Products Corp. · Target
HVAC
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.