 |
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
- Alton Towers crash: "human error"
- Trading Standards warning over silent killer
- 44% of workers say winter has negative effect on their mental wellbeing
- Workplace absence due to mental health problems "almost as common as colds and bugs"
- Parliamentary report urges ‘behaviour change’ approach to tackling carbon monoxide poisoning
- Northamptonshire firms fined for asbestos failings
- Health & Safety Executive to open free conference
- Contractor receives suspended prison sentence after worker seriously injured
- Toxicity Charge enforced to address London's 'filthy air'
- Amazon asked to assess insect invasion risks
OTHER ARTICLES IN THIS SECTION
