M&A Deal Summary

Johnson Controls Acquires Tempered Networks

On June 23, 2022, Johnson Controls, Inc. acquired safety/security company Tempered Networks, Inc.

Acquisition Highlights
  • This is Johnson Controls’ 3rd transaction in the Safety/Security sector.
  • This is Johnson Controls’ 16th transaction in the United States.
  • This is Johnson Controls’ 1st transaction in Washington.

M&A Deal Summary

Date 2022-06-23
Target Tempered Networks, Inc.
Sector Safety/Security
Buyer(s) Johnson Controls, Inc.
Deal Type Add-on Acquisition

Target

Tempered Networks, Inc.

Lynnwood, Washington, United States
website
Tempered is a provider of an advanced self-defense system for buildings that enables secure network access across diverse groups of endpoint devices, edge gateways, cloud platforms and service technicians. Tempered was founded in 2012 and is based in Lynnwood, Washington.

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Buyer(S) 1

Buyer

Johnson Controls, Inc.

Cork, Ireland

website


Category Company
Founded 1885
SectorDiversified
Employees101,000
Revenue 23.7B USD (2021)
DESCRIPTION
Entrance to Johnson Controls' corporate headquarters in Milwaukee, Wisconsin.
Entrance to Johnson Controls' corporate headquarters in Milwaukee, Wisconsin.

Johnson Controls is a diversified technology and industrial company. The Company creates products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and seating and interior systems for automobiles. Johnson Controls International was founded in 1885 and is based in Cork, Ireland.


DEAL STATS #
Overall 26 of 26
Sector (Safety/Security) 3 of 3
Type (Add-on Acquisition) 21 of 21
State (Washington) 1 of 1
Country (United States) 16 of 16
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-19 Security Enhancement Systems LLC

Northbrook, Illinois, United States

Security Enhancement Systems is a provider of mobile-based, keyless access control solutions used in critical infrastructure, including telecommunication towers for major providers. Security Enhancement Systems is based in Northbrook, Illinois.

Buy -