Manufacturing M&A » By The Online Investor Staff, updated Fri., Apr. 19, 4:00 AM
Recent mergers and acquisitions in the Manufacturing M&A category.
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Slide #12. Johnson Controls — Air Distribution Technologies
Acquirer:
Johnson Controls (NYSE:JCI)
Acquiree:
Air Distribution Technologies
Details:
Johnson Controls (NYSE: JCI), a global multi-industrial company, today announced it has reached a definitive agreement with the Canada Pension Plan Investment Board to acquire its Air Distribution Technologies business, one of the strongest and largest independent providers of air distribution and ventilation products in North America, for approximately $1.6 billion.
Johnson Controls International is engaged in engineering, manufacturing and commissioning building products and systems, including residential and commercial heating, ventilating, air-conditioning (HVAC) equipment, industrial refrigeration systems, controls, security systems, fire detection systems and fire suppression solutions. Co. also provides technical services, including maintenance, management, repair, retrofit and replacement of equipment (in the HVAC, industrial refrigeration, security and fire-protection space), and energy-management consulting. Co.'s segments are: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific and Global Products.
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Avg. Broker Rec.
 
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Buy (2.78 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: JCI Stock Forecast Based on Zacks ABR data; powered by Xignite |
