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Johnson Controls, provider of efficiency solutions, has begun operations following the successful completion of its merger with Tyco that provides fire and security solutions. The new company aims to provide integrated solutions for 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 combination brings together product, technology and service capabilities across controls, fire, security, HVAC and energy storage.
As previously announced, Johnson Controls’ automotive business is still on schedule to spin off into an independent company, known as Adient, on Oct. 31, 2016.