Johnson Controls to acquire Air Distribution Technologies for ~$1.6B

Johnson Controls reached a definitive agreement with the Canada Pension Plan Investment Board to acquire its Air Distribution Technologies business for approximately $1.6 billion, expanding its HVAC product offerings.

“Johnson Controls has reached a definitive agreement with the Canada Pension Plan Investment Board to acquire its Air Distribution Technologies business for approximately $1.6 billion.”

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.