Johnson Controls Acquires Lux Products Corporation

Bosch Acquires Johnson Controls' Residential and Light Commercial HVAC Business (including JCH JV)

July 23, 2024

Building Products

The Bosch Group has acquired Johnson Controls' Residential and Light Commercial (R&LC) HVAC business, including the Johnson Controls–Hitachi Air Conditioning (JCH) joint venture, in an all-cash transaction valued at roughly $8.0–8.1 billion. The deal expands Bosch's Home Comfort Group—nearly doubling its HVAC sales and strengthening Bosch's presence in the U.S. and Asia—while Johnson Controls will return a portion of proceeds to shareholders.

Acuity Brands Acquires KE2 Therm

April 14, 2023

Manufacturing

Acuity Brands, Inc. announced a definitive agreement to acquire KE2 Therm Solutions, a developer of intelligent refrigeration control solutions. KE2 Therm will be integrated into Distech Controls within Acuity's Intelligent Spaces Group to expand Distech's addressable market into commercial refrigeration and accelerate the transition from analog to digital refrigeration controls.

Kontrol Technologies Acquires Global HVAC & Automation Inc.

April 14, 2022

HVAC & Mechanical

Kontrol Technologies Corp. has completed the acquisition of all issued and outstanding shares of Global HVAC & Automation Inc. Kontrol filed a revised business acquisition report related to the transaction and said the acquisition expands its HVAC and building automation capabilities as it pursues growth in smart building solutions.

Johnson Controls Acquires Tempered Networks

June 23, 2022

Cybersecurity

Johnson Controls acquired Seattle-based Tempered Networks to integrate its Airwall zero-trust cybersecurity platform into Johnson Controls’ OpenBlue smart‑buildings stack. The deal strengthens Johnson Controls’ ability to provide end‑to‑end zero trust security for connected building systems and to embed Tempered’s technology across its products and services; financial terms were not disclosed.

Air Control Concepts Acquires Five HVAC Manufacturer Representative Firms

July 23, 2024

Building Products

Air Control Concepts (AIR) completed the acquisition of five regional HVAC manufacturer representative firms — Northrich Company, Air Components, Dorse and Company, JJP Mechanical Reps, LLC, and ThermAir Systems — expanding AIR’s geographic footprint, capabilities and manufacturer relationships across the United States. Each acquired firm will continue to operate under its existing brand while joining AIR’s network of commercial HVAC operating companies.

Mysa Acquires Intellectual Property and Assets from Zen Ecosystems

May 8, 2023

Energy

St. John's-based smart-thermostat maker Mysa has acquired the intellectual property and product assets of Zen Ecosystems, including the ZenHQ commercial energy management platform and Zen thermostats. The acquisition expands Mysa's product capability into central heating and commercial energy management and enables the company to serve more residential and SMB/commercial customers across North America.