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

Johnson Controls reached a definitive agreement to acquire Air Distribution Technologies from the Canada Pension Plan Investment Board for approximately $1.6 billion, expected to close by end of July. Goldman Sachs advised JCI.

“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.”

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