Johnson Controls acquires Synchrony from Siemens

Johnson Controls acquired Synchrony, a Roanoke, Virginia magnetic-bearing technology firm, from Siemens Gas and Power; the deal closed Nov. 1. This is an HVAC equipment/technology acquisition, not a home-service trades roll-up.

“Johnson Controls announced it will acquire Synchrony, recognized for its development of active magnetic bearing (AMB) technology. Based in Roanoke, Virginia, Synchrony is part of Siemens Gas and Power.”

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