Johnson Controls Acquires FM:Systems
July 17, 2023
Johnson Controls has acquired FM:Systems, a Raleigh-based provider of cloud-based digital workplace management and IoT solutions, for a base purchase price of $455 million plus potential earnouts. The deal adds SaaS workplace management capabilities to Johnson Controls' OpenBlue portfolio, expanding its digital buildings offerings and is expected to be accretive to margins and revenue growth.
- Buyers
- Johnson Controls
- Targets
- FM:Systems
- Sellers
- Accel-KKR
- Industry
- Cloud & SaaS
- Location
- North Carolina, United States
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.