financetom
Business
financetom
/
Business
/
Johnson Controls International Agrees to Sell Air Distribution Segment to Truelink Capital
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Johnson Controls International Agrees to Sell Air Distribution Segment to Truelink Capital
Jun 18, 2024 6:14 AM

08:42 AM EDT, 06/18/2024 (MT Newswires) -- Johnson Controls International ( JCI ) said Tuesday it has agreed to sell its Air Distribution Technologies segment to private equity firm Truelink Capital to focus on core business areas.

Financial terms were not disclosed.

The electronics and HVAC equipment manufacturer said the sale, expected to close in H2, includes brands such as Koch Filter, Titus and Ruskin, but excludes Johnson Controls ( JCI ) and Enviro-Tec brands.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Lundin Family Trusts Acquire Additional Shares in Faraday Copper
Lundin Family Trusts Acquire Additional Shares in Faraday Copper
Oct 17, 2024
11:10 AM EDT, 10/15/2024 (MT Newswires) -- Faraday Copper ( CPPKF ) shareholders Nemesia S.a.r.l and Zebra Holdings and Investments S.a.r.l,on Tuesday said they acquired an aggregate of 11.63-million shares in the company. Following a restructuring of the Lundin family trusts, Zebra will not hold any common shares of Faraday and Nemesia will hold 24.13-million shares in the company, an...
-- Bausch Health and Bausch + Lomb Brief: Financial Times Reported Private Equity Firms TPG and Blackstone Working On a Joint Bid for BLCO
-- Bausch Health and Bausch + Lomb Brief: Financial Times Reported Private Equity Firms TPG and Blackstone Working On a Joint Bid for BLCO
Oct 17, 2024
10:30 AM EDT, 10/15/2024 (MT Newswires) -- Price: 28.93, Change: +2.19, Percent Change: +8.19 ...
Britain to study use of Lilly's weight loss drug to get people back to work
Britain to study use of Lilly's weight loss drug to get people back to work
Oct 17, 2024
* Study to gauge how obesity treatment impacts employment * Obesity costs health service 11 billion pounds a year * Health minister says impact of drug could be 'monumental' (Adds details in paragraphs 4 and 7, NHS comment paragraphs 11-12) By Alistair Smout LONDON, Oct 15 (Reuters) - Britain will study whether the use of Eli Lilly's ( LLY )...
Sidus Space Files Registration Statement for Sale of Shares, Pre-Funded Warrants; Shares Plunge
Sidus Space Files Registration Statement for Sale of Shares, Pre-Funded Warrants; Shares Plunge
Oct 17, 2024
10:31 AM EDT, 10/15/2024 (MT Newswires) -- Sidus Space ( SIDU ) filed a registration statement with the US Securities and Exchange Commission Tuesday for the sale of about 3.7 million shares and pre-funded warrants to purchase roughly 3.7 million shares. The company set an assumed offering price of $2.67 per share and the final offering price may vary, according...
Copyright 2023-2026 - www.financetom.com All Rights Reserved