 |
Mark Sennett
Managing Editor |
 |
Kelly Rose
Editor |
| Home> | Industry Update | >Company News | >Johnson Controls and Tyco merge |
| Home> | Industry Update | >People on the Move | >Johnson Controls and Tyco merge |
ARTICLE
Johnson Controls and Tyco merge
27 January 2016
Johnson Controls and Tyco have announced that both companies are to merge and that the new organisation will be renamed Johnson Controls PLC.
Milwaukee-based Johnson Controls' shareholders will own around 56% of the companies' combined equity, with Tyco's owning 44%.
The merger will bring together a range of access control, fire, security, HVAC and power products.
Johnson Controls' CEO Alex Molinaroli will be chairman and CEO for the first 18 months and Tyco's CEO George Oliver will be president and COO. After this period Molinaroli will become executive chair and Oliver CEO.
MORE FROM THIS COMPANY
- Toxicity Charge enforced to address London's 'filthy air'
- Crackdown on bogus accident claims
- Legislation looks to prevent 26 annual deaths
- England's World Cup exit good for the nation's health
- HSE advises on the importance of fitting respirators correctly
- Large fine for disregarding fire safety legislation
- Alton Towers crash: "human error"
- Disengaged employees cost UK £15bn
- IET warns of the dangers of fake wiring publications
- Employers’ spying on staff 'reaches a new low in work relations'
OTHER ARTICLES IN THIS SECTION
