M&A Deal Summary

Johnson Controls Acquires Tyco International

On January 25, 2016, Johnson Controls, Inc. acquired safety/security company Tyco International Ltd.

Acquisition Highlights
  • This is Johnson Controls’ 1st transaction in the Safety/Security sector.
  • This is Johnson Controls’ 1st transaction in Ireland.

M&A Deal Summary

Date 2016-01-25
Target Tyco International Ltd.
Sector Safety/Security
Buyer(s) Johnson Controls, Inc.
Deal Type Merger
Advisor(s) Lazard Ltd.
Goldman Sachs Investment Banking Division (Financial)
Simpson Thacher & Bartlett LLP
Arthur Cox & Co. (Legal)

Target

Tyco International Ltd.

Mahon, Ireland
website
Tyco office in Irvine, California.
Tyco office in Irvine, California.
Tyco International Ltd. is a global provider of security products and services, fire detection and suppression products and services and life safety products. The Company's portfolio of products and services, sold under brands such as Tyco, SimplexGrinnell, Sensormatic, Wormald, Ansul, Simplex, Scott and ADT serve security, fire detection and suppression and life safety needs across commercial, industrial, retail, institutional and governmental markets. Tyco International Ltd. was established in 1960 and is headquartered in Mahon, Ireland.

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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 19 of 25
Sector (Safety/Security) 1 of 2
Type (Merger) 1 of 1
Country (Ireland) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-30 Resolute Industrial LLC

Indianapolis, Indiana, United States

Resolute Industrial is a provider of compressor remanufacturing, chiller rental and refrigerant storage solutions for large industrial HVAC systems. Through its strategically located national depot network, Resolute Industrial is a proven provider of HVAC cooling solutions across North America. Resolute Industrial was founded in 2015 and is based in Indianapolis, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Johnson Controls, Inc. - Integrated Demand Resources Business

United States

Johnson Controls, Inc. - Integrated Demand Resources Business includes technologies designed to deliver energy and operational efficiency to its customers.

Sell -