Johnson Controls and Tyco complete merger

With a vision to create a safe, comfortable and sustainable world, a newly-formed Johnson Controls begins operations following the successful completion of its merger with Tyco, marking a historic turning point for both companies.

By uniting Johnson Controls, the number one provider of building efficiency solutions with Tyco, the number one provider of fire and security solutions, the new company is uniquely positioned as a leader in products, technologies and integrated solutions for the buildings and energy sectors.

With $30 billion in revenue and 117,000 employees (following the anticipated spinoff of the Adient automotive business in October), this powerful combination brings together best-in-class product, technology and service capabilities across controls, fire, security, HVAC and energy storage, to serve the full spectrum of end-markets, including large institutions, government, commercial buildings, retail, industrial, small business and residential. Tyco and Johnson Controls' buildings platforms create immediate opportunities for growth through cross-selling, complementary branch and distribution channel networks, and expanded global reach for established businesses.

Longer term, the company is uniquely positioned to drive new innovations in technology and business models to support the smart buildings, campuses and cities of the future as well as building upon strategic, high value-added services driven by data analytics and connectivity like the Retail Solutions and Connected Services businesses. Johnson Controls also will have one of the largest energy storage platforms with capabilities spanning the technology spectrum to serve an expanding global energy storage market.

"We are more than just two businesses that have come together – we are now one team uniquely positioned to create value," said Alex Molinaroli, Johnson Controls Chairman & CEO. "Our combined insights and world-class technologies will help build even smarter, more secure and more sustainable environments that help our customers win and broadly move the world forward."

As previously announced, Johnson Controls' automotive business is still on schedule to spin off into an independent company, known as Adient, on October 31, 2016.