Johnson Controls
Canvas Category Software : Operational Technology : IIoT
Johnson Controls is a world leader in smart buildings, creating safe, healthy and sustainable spaces. For nearly 140 years, we’ve made buildings better and now we’re transforming them again with our award-winning digital technologies and services. We’re using artificial intelligence and data driven solutions to give you deeper insight into your building’s health, sustainability and performance. It’s changing the way we design, operate and maintain indoor environments and driving to a new era of autonomous buildings.
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Johnson Controls to Sell Residential and Light Commercial HVAC Businesses
Johnson Controls International plc (NYSE: JCI), the global leader in smart, healthy, safe and sustainable buildings, announced it has reached a definitive agreement to sell its Residential and Light Commercial (R&LC) HVAC business in an all-cash transaction to the Bosch Group (“Bosch”). The transaction includes the North America Ducted business and global Residential joint venture with Hitachi, Ltd. (“Hitachi”), of which Johnson Controls owns 60% and Hitachi owns 40%. The total transaction is valued at $8.1 billion, and the Company’s portion of the consideration is approximately $6.7 billion. As part of the transaction, Hitachi will retain certain ductless HVAC assets located in Shimizu, Japan.
Following the close of the transaction, the Johnson Controls portfolio will be substantially simplified with enhanced strategic focus, aligned with the Company’s objective to be a pure-play provider of comprehensive solutions for commercial buildings. Johnson Controls delivers a unique value proposition to customers, with its unmatched service and digital offerings that improve commercial building efficiency and reduce operational costs through its OpenBlue digital platform. The transaction represents a significant portion of the Company’s previously announced strategic evaluation of non-core product lines.
🧀 Conceptualizing the sustainable dairy plant of the future
Depending on the type of dairy processing plant — cheese, milk, butter, etc. — the Stellar Group makes specific recommendations. “In cheese factories, there’s an opportunity to recover the water and use for other purposes like hot water, potable water. This will help to reduce biochemical oxygen demand (BOD) for wastewater,” Kolla, Goode and Smallwood suggest. “Solar panels will provide as an alternative source to reduce energy costs and a combined heat and power (CHP) system, also known as cogeneration, will recover heat from the systems (cooling tower, heat exchangers) and produce an alternative energy source.”
Kolla notes that once the factory is built, it can be extremely expensive to retrofit it into a sustainable factory. However, “It’s very cost effective to design the factory from day one with a sustainable strategy,” he advises. “Leverage state and federal government energy rebate programs. Some states provide incentives based on energy used per ton of product.”
Johnson Controls to expand OpenBlue digital buildings capabilities through acquisition of workplace management software leader FM:Systems
Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, has acquired FM:Systems, a leading digital workplace management and Internet of Things (IoT) solutions provider for facilities and real estate professionals. The base purchase price for the transaction is $455 million, plus additional payments to be made subject to the achievement of post-closing earnout milestones.
Johnson Controls acquires FogHorn, expanding leadership in Smart and Autonomous Buildings
Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, has completed the acquisition of FogHorn, the leading developer of Edge AI software for the industrial and commercial Internet of Things (IoT) solutions. Financial terms of the transaction were not disclosed. FogHorn’s technical team will be integrated into the OpenBlue Solutions organization. FogHorn’s headquarters in Sunnyvale, California will function as an ‘AI Hub’ for Johnson Controls.