Johnson Controls Completes Acquisition Of Silent-Aire

Acquisition establishes Johnson Controls as a leader in the high growth hyperscale data center vertical, with industry leading cooling equipment and modular data center technologies

CORK, Ireland, May 12, 2021 /PRNewswire/ — Johnson Controls International plc (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today announced it has completed the acquisition of Silent-Aire.

Silent-Aire, headquartered in Edmonton, Alberta, specializes in the design, engineering and manufacturing of mission critical custom air handlers and modular data centers for hyperscale cloud and colocation providers. Silent-Aire’s portfolio of data center solutions allow for rapid deployment of critical infrastructure in flexible configurations, with a focus on quality, scalability, and speed-to-market.

“We are thrilled to formally welcome the Silent-Aire family to Johnson Controls, and we are eager to begin driving further innovation and increasing customer value,” said George Oliver, chairman and chief executive officer. “This strategic combination broadens our portfolio of sustainable and reliable data center solutions while fostering a well-established entrepreneurial spirit and customer-centric culture that will fuel growth in this end market globally.”  

Silent-Aire will be reported within the Global Products segment. Revenue for fiscal year 2021 (May) is expected to approximate $650 million. The transaction is expected to be slightly accretive to Johnson Controls adjusted EPS from continuing operations in fiscal 2021, and $0.07 to $0.09 accretive in fiscal 2022.     

A slide presentation with additional details regarding the transaction was made available at the time the agreement to acquire Silent-Aire was announced, and can be found on the “Events & Presentations” section of the company’s website: https://investors.johnsoncontrols.com/~/media/Files/J/Johnson-Controls-IR/reports-and-presentations/2021/investor-update-silent-aire-acquisition.pdf

About Johnson Controls:

At Johnson Controls (NYSE:JCI) we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet. 

With a history of more than 135 years of innovation, Johnson Controls delivers the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through its comprehensive digital offering OpenBlue. With a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology, software as well as service solutions with some of the most trusted names in the industry. For more information, visit www.johnsoncontrols.com or follow us @johnsoncontrols on Twitter.

JOHNSON CONTROLS CONTACTS:
INVESTOR CONTACTS:MEDIA CONTACTS:
Antonella FranzenChaz Bickers
Direct: 609.720.4665Direct: 224.307.0655
Email: antonella.franzen@jci.comEmail: charles.norman.bickers@jci.com
Ryan Edelman Michael Isaac
Direct: 609.720.4545Direct: +41 52 6330374
Email: ryan.edelman@jci.comEmail: michael.isaac@jci.com