Johnson Controls Completes $13.2B Sale of Power Solutions Business

Johnson Controls International plc completed the sale of its Power Solutions business to BCP Acquisition LLC for an aggregate purchase price of $13.244 billion. The transaction was previously announced and closed on April 30, 2019.

“On April 30, 2019, Johnson Controls International plc (the “Company”) completed the previously announced sale of its Power Solutions business (the “Business”) to BCP Acquisition LLC, a Delaware limited liability company (“Purchaser”), pursuant to the Stock and Asset Purchase Agreement, dated as of November 13, 2018, by and between the Company and Purchaser (as amended or supplemented from time to time, the “Purchase Agreement”), for an aggregate purchase price of U.S.$13,244,000,000, subject to certain adjustments as set forth in the Purchase Agreement.”

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