Announced
Completed
Financials
Tags
Acquisition
Cross Border
Private
Majority
Completed
Friendly
Single Bidder
United States
Private Equity
Systems Software
Software
Synopsis
Johnson Controls, a producer of fire, HVAC, and security equipment for buildings, completed the acquisition of FM:Systems, a digital workplace management and internet of things solutions provider, from Accel-KKR, a private equity company, for $455m. "FM:Systems' powerful, predictive workplace management platform will build on our best-in-class building automation services, OpenBlue, to offer a one-stop solution that helps customers accelerate their digital transformation journey, improve building efficiency and reduce operational costs," George Oliver, Johnson Controls Chairman and CEO.
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