Announced
Completed
Financials
Tags
Private
renewable energy
Majority
Cross Border
Completed
Friendly
Norway
Single Bidder
energy
Renewable Energy Equipment
Acquisition
Synopsis
Johnson Controls, an American Irish-domiciled multinational conglomerate, completed the acqusiition of Hybrid Energy, a growing provider of high-temperature energy management solutions. Financial terms were not disclosed. "It's an exciting time in our industry as we come together to bring the next generation of safe, sustainable energy management technologies to market. Hybrid Energy is well positioned in its ability to deliver extremely high-temperature process heating while maintaining energy efficiency – and with the reach and resources of Johnson Controls, we will be able to solve the challenges of more customers. As we help reduce the energy consumption in buildings, our customers will benefit from a single, trusted source for heating solutions," Claude Allain, Johnson Controls President.
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