Johnson Controls to Acquire Synchrony from Siemens

Johnson Controls announced it will acquire Synchrony, a magnetic bearing technology business that is part of Siemens Gas and Power, to enhance its centrifugal chiller products. This is a strategic technology carve-out from Siemens; terms were not disclosed.

“MILWAUKEE — Johnson Controls announced that it will acquire Synchrony. Based in Roanoke, Virginia, Synchrony is part of Siemens Gas and Power.”

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