Divestiture Oct 2016 · United Kingdom
Johnson Controls divests Ruskin Air Management to Swegon
Johnson Controls framed the sale of Ruskin Air Management to Swegon as establishing a growth position for Swegon while strengthening JCI's regional distribution channel.
““This is a win-win,” said Tom Edwards, vice president and general manager, global air systems at Johnson Controls. “Swegon Group has a strong history of successful, long-term investments, and this establishes a growth position for the company in the UK and mainland Europe.”
Entities
Johnson Controls International plc · Parent Swegon · Acquirer
HVACOther
Source: www.achrnews.com
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