Deal announced Jan 2016 Verified
Tyco and Johnson Controls Agree to Merge
Tyco and Johnson Controls announced an agreement to merge, creating Johnson Controls plc, a global leader in building products, technology, integrated solutions, and energy storage. The combined company will offer integrated products and services across fire, security, controls, HVAC, and energy storage. The merger is expected to close by September 2016, pending regulatory approvals.
“On January 25, 2016, we announced the news that Tyco and Johnson Controls have agreed to merge to create the global leader in building products and technology, integrated solutions and energy storage – Johnson Controls plc.”
Entities
Tyco · Acquirer Johnson Controls, Inc. · Target
HVAC Sentiment: Positive
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