Johnson Controls to acquire Air Distribution Technologies from CPPIB 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, expected to close by end of July.

“Johnson Controls announced that it has reached a definitive agreement with the Canada Pension Plan Investment Board to acquire its Air Distribution Technologies business, one of the largest providers of air distribution and ventilation products in North America, for approximately $1.6 billion.”

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