Market commentary Feb 2016 Verified
Strategic Rationale for Building Technology Convergence
The merger presentation highlights a market trend toward convergence of building controls, HVAC, fire, security, and power solutions, driven by the Internet of Things (IoT) and demand for smart buildings, homes, and cities. The combined entity aims to capitalize on integrated, data-rich building ecosystems.
“Highly strategic combination creates the leading full-scale building products and services business, integrating best-in-class product, installation and service capabilities across controls, fire, security, HVAC, and power solutions”
Entities
Johnson Controls, Inc. · Mentioned Tyco International plc · Mentioned
HVAC Sentiment: Positive
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.