Johnson Controls to acquire EnergyConnect Group

Johnson Controls and EnergyConnect Group signed a merger agreement under which Johnson Controls would acquire the outstanding shares of EnergyConnect, a smart-grid demand-response provider, with completion expected by July, subject to closing conditions.

“MILWAUKEE - Johnson Controls and EnergyConnect Group Inc., a leading provider of smart grid demand response services and technologies, have announced the signing of a merger agreement under which Johnson Controls would acquire the outstanding shares of EnergyConnect.”

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.