Johnson Controls merges with Tyco to create market leader
November 2016
News
With a vision to create a safe, comfortable and sustainable world, a newly formed Johnson Controls began operations recently following the successful completion of its merger with Tyco, marking a turning point for both companies.
By uniting Johnson Controls, a leading provider of building efficiency solutions with Tyco, a leading provider of fire and security solutions, the new company is uniquely positioned as a leader in products, technologies and integrated solutions for the buildings and energy sectors.
The company is uniquely positioned to drive new innovations in technology and business models to support the smart buildings, campuses and cities of the future. “We are more than just two businesses that have come together, we are now one team uniquely positioned to create value,” said Johnson Controls chairman and CEO Alex Molinaroli. “Our combined insights and world class technologies will help build even smarter, more secure and more sustainable environments that help our customers grow and move forward.”
As a result of the robust integration planning already in place, the company is on track to realise $1 billion of savings related to previously merger synergies and productivity initiatives.
For more information contact Neil Cameron, Johnson Controls, +27 (0)11 921 7141, [email protected], www.johnsoncontrols.com
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