Cork, Eire-based Johnson Controls has acquired Edmonton-based Silent-Aire in a transaction valued at as much as $870 million.
In line with Johnson Controls, the acquisition will permit the corporate to proceed to develop within the “information centre vertical, with business main cooling gear know-how and modular information centre options.”
Silent-Aire is a world chief in hyperscale information centre cooling and modular crucial infrastructure options. It has roughly 3,000 workers worldwide, and an estimated $650 million in annual income for fiscal 2021.
“With Silent-Aire, Johnson Controls has a big alternative to extend its concentrate on the info centre vertical and speed up development on this engaging finish market by combining the strengths of our world scale in manufacturing and repair, with modern innovation and a broad portfolio of applied sciences devoted to serving hyperscale suppliers,” mentioned George Oliver, Johnson Controls chairman and CEO, in making the announcement. “This acquisition completely aligns with a number of of our key strategic development initiatives and underscores our concentrate on creating shareholder worth. We’re extremely excited to welcome Silent-Aire to the Johnson Controls household as we glance to construct upon their success of practically 30 years of innovation, operational experience, and deep buyer relationships.”