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Deal closed Jan 2023 · Europe Verified

Johnson Controls acquires Hybrid Energy AS for industrial heat pumps

Johnson Controls announced it acquired Hybrid Energy AS, a Norway-based provider of high-temperature heat pump solutions for district heating and industrial processes, to expand its industrial heat pump portfolio.

“Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, announced that it acquired Hybrid Energy AS, a growing provider of high-temperature energy management solutions with a focus on heat pumps for district heating and industrial processes.”

Entities

Hybrid Energy AS · Target Johnson Controls · Acquirer Nordic Technology Group AS · Mentioned
HVAC
Source: hvacinsider.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.