Johnson Controls: agreement to acquire Silent-Aire
(CercleFinance.com) - The multinational conglomerate Johnson Controls has announced that it has entered into a definitive agreement to acquire Silent-Aire, a global leader in hyperscale data centre cooling and modular critical infrastructure solutions.
The all-cash transaction is worth 870 million dollars, including an upfront payment of approximately 630 million dollars and additional payments, subject to reaching post-close milestones.
Headquartered in Edmonton, Alberta, Silent-Aire has approximately 3,000 employees worldwide. Subject to regulatory approval and customary closing conditions, the transaction is expected to close in the third quarter of FY 2021.
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The all-cash transaction is worth 870 million dollars, including an upfront payment of approximately 630 million dollars and additional payments, subject to reaching post-close milestones.
Headquartered in Edmonton, Alberta, Silent-Aire has approximately 3,000 employees worldwide. Subject to regulatory approval and customary closing conditions, the transaction is expected to close in the third quarter of FY 2021.
Copyright (c) 2021 CercleFinance.com. All rights reserved.