Mergers & Acquisitions
By The Online Investor Staff, updated Sun., Jan. 29, 5:59 PM
| This Slide: #64 of 100 |
Slide #64. Johnson Controls — Hybrid Energy AS
Acquirer:
Johnson Controls (NYSE:JCI)
Acquiree:
Hybrid Energy AS
Details:
Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, announced that it acquired Hybrid Energy AS, a growing provider of high-temperature energy management solutions with a focus on heat pumps for district heating and industrial processes. The unique technology of Hybrid Energy will provide new, cost-effective solutions to customers while addressing decarbonization and sustainability efforts in Europe and beyond.
Johnson Controls International is engaged in engineering, manufacturing and commissioning building products and systems including heating, ventilating, air-conditioning 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, energy-management consulting and data-driven services and solutions via its digital platform and capabilities. Co.'s segments are: Building Solutions North America, Building Solutions Europe, the Middle East, Africa/Latin America, Building Solutions Asia Pacific and Global Products.
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Avg. Broker Rec.
 
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Strong Buy (3.50 out of 4) 56th percentile
(ranked higher than approx. 56% of all stocks covered)
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