Tyco International and Johnson Controls Merger Announced

Tyco International and Johnson Controls announced a merger deal, discussed at the Cowen Aerospace/Defense Conference. The CEOs of both companies detailed the strategic rationale, including combining Tyco's fire and security leadership with Johnson Controls' building controls and HVAC leadership to capitalize on smart building trends.

“the combination of what we are doing with our infrastructure, combined with what Alex and the team at Johnson Controls are doing with a leadership position within controls, is taking the intelligence, putting it to work with the controls in new business models with an unbelievable direct channel that we have across the globe to create customer value, and then to be able to capitalize on the expanding market. That led to a discussion that I had with Alex relative to the controls piece. Then as we continue to work and ultimately completed the deal that we’ve laid out, which we believe creates a tremendous amount of value for both sets of shareholders”

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.