M&A Deal Summary

Johnson Controls Acquires Lux Products

On October 2, 2018, Johnson Controls acquired test/measurement equipment company Lux Products

Acquisition Highlights
  • This is Johnson Controls’ 1st transaction in the Test/Measurement Equipment sector.
  • This is Johnson Controls’ 12th transaction in the United States.
  • This is Johnson Controls’ 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2018-10-02
Target Lux Products
Sector Test/Measurement Equipment
Buyer(s) Johnson Controls
Deal Type Add-on Acquisition

Target

Lux Products

Philadelphia, Pennsylvania, United States
Lux Products Corporation is a producer of residential thermostats and smart home products. LUX markets several successful residential and commercial lines ranging from timers to smart home thermostats including Kono and Geo.

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Buyer(S) 1

Buyer

Johnson Controls

Cork, Ireland
Category Company
Founded 1885
Sector Diversified
Employees102,000
Revenue 26.8B USD (2023)
DESCRIPTION
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.

Johnson Controls is a diversified technology and industrial company that 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 was founded in 1885 and is based in Cork, Ireland.

DEAL STATS #
Overall 20 of 32
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 15 of 27
State (Pennsylvania) 2 of 2
Country (United States) 12 of 20
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 Elpas Solutions

Tel Aviv, Israel

Elpas Solutions Ltd. is a manufacturer of an advanced Triple Technology Active RFID (Radio Frequency Identification), Real-time Location Systems (RTLS) Passive RFID, and Physical Access safety, security and visibility products and solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Clarios

Milwaukee, Wisconsin, United States

Clarios is a global energy storage solutions provider, specializing in advanced battery technologies. Clarios develops and manufactures a wide range of batteries for automotive, marine, and industrial applications. They are known for their lithium-ion and lead-acid battery technologies that deliver enhanced performance, reliability, and efficiency. Clarios is headquartered in Milwaukee, Wisconsin.

Sell $13.2B
Mergr

Product

Company

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