Johnson Controls Acquires Silent-Aire

Johnson Controls has agreed to acquire Silent-Aire, a global provider of hyperscale data center cooling equipment and modular data center solutions, in an all-cash transaction valued at up to $870 million (approximately $630 million upfront plus earnouts). The acquisition, expected to close subject to regulatory approvals, expands Johnson Controls' capabilities and presence in the hyperscale data center vertical and is expected to be immediately accretive to adjusted EPS in fiscal 2022.