Johnson Controls completed the acquisition of FM:Systems from Accel-KKR for $455m.

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.