Johnson Controls, a leading building efficiency provider, has completed its merger with Tyco, a leading provider of fire and security solutions, to form a new company well-positioned in the building and energy sectors.
With $30 billion in revenue and 117,000 employees (following the anticipated spinoff of the Adient automotive business in October 2016), this combination brings together best-in-class product, technology and service capabilities across controls, fire, security, HVAC and energy storage, to serve the full spectrum of end markets across all assets.
Tyco and Johnson Controls’ buildings platforms create immediate opportunities for growth through cross-selling, complementary branch and distribution channel networks, and expanded global reach for established businesses. Johnson Controls also will have one of the largest energy storage platforms with capabilities spanning the technology spectrum to serve an expanding global energy storage market.
“Our combined insights and world class technologies will help build even smarter, more secure and more sustainable environments that help our customers win and broadly move the world forward,” said Johnson Controls Chairman and CEO Alex Molinaroli.
Looking ahead, the company aims to drive new innovations in technology and business models to support the smart buildings, campuses and cities of the future, and build upon data-driven services.