Johnson Controls Acquires York

Johnson Controls, Inc., an industry leader in control systems for heating, cooling, and ventilation equipment, and York International Corporation, a leading manufacturer of heating and cooling equipment, announced in August 2005 that Johnson Controls would acquire York. “The transaction will enable us to become a single source of integrated products and services that building owners want in order to optimize comfort and energy efficiency,” says John Barth, chairman and CEO of Johnson Controls, noting that “bringing together our two organizations will also create the largest building services force in the world, strongly positioning us to capture an increased share of the fragmented $130 billion global services market for commercial buildings.” For details, see www.johnsoncontrols.com.