Johnson Controls acquires FM:Systems from Accel-KKR for $455M

Johnson Controls acquired FM:Systems, a workplace management and IoT software provider previously owned by PE firm Accel-KKR, for a base purchase price of $455 million plus earnout payments.

“Johnson Controls acquired FM:Systems, a digital workplace management and Internet of Things (IoT) solutions provider for facilities and real estate professionals. The base purchase price for the transaction is $455 million, plus additional payments to be made subject to the achievement of post-closing earnout milestones.”

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