On the Record · Johnson Controls
Johnson Controls acquisitions, on the record
The businesses Johnson Controls bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Globe-Union, Inc.Word for word“In 1978, the Company acquired Globe-Union, Inc., a Wisconsin-based manufacturer of automotive batteries for both the replacement and original equipment markets.” 10-K for 2014 | acquisition | 1978 | — |
Hoover Universal, Inc.Word for word“The Company entered the automotive seating industry in 1985 with the acquisition of Michigan-based Hoover Universal, Inc.” 10-K for 2014 | acquisition | 1985 | — |
York InternationalWord for word“In 2005, the Company acquired York International, a global supplier of heating, ventilating, air-conditioning and refrigeration equipment and services.” 10-K for 2014 | acquisition | 2005 | — |
Air Distribution Technologies, Inc. (ADT)Word for word“On June 16, 2014, the Company acquired Air Distribution Technologies, Inc. (ADT), one of the largest independent providers of air distribution and ventilation products in North America.” 10-K for 2014 | acquisition | June 16, 2014 | — |
Automotive Experience Interiors headliner and sun visor product linesWord for word“In the third quarter of fiscal 2014, the Company disposed of its Automotive Experience Interiors headliner and sun visor product lines.” 10-K for 2014 | divestiture | third quarter of fiscal 2014 | — |
Automotive Experience Electronics' HomeLink® product lineWord for word“The increase in income from discontinued operations, net of tax, was primarily due to a gain, net of tax, of $257 million related to the fiscal 2013 sale of the Automotive Experience Electronics' HomeLink® product line, partially offset by a fiscal 2013 tax charge of $210 million related to foreign undistributed earnings of the non-U.S. subsidiaries primarily related to the Electronics business, and higher selling, general and administrative expenses.” 10-K for 2014 | divestiture | fiscal 2013 | — |
Automotive Experience Electronics businessWord for word“In addition, the Company recorded $43 million of asset and investment impairments within discontinued operations in the third quarter of fiscal 2014 related to the divestiture of the Automotive Experience Electronics business.” 10-K for 2014 | divestiture | third quarter of fiscal 2014 | — |
Global Workplace Solutions (GWS) businessWord for word“In the fourth quarter of fiscal 2015, the Company completed the sale of its GWS business to CBRE Group, Inc.” 10-K for 2015 | divestiture | In the fourth quarter of fiscal 2015 | — |
Automotive Experience Interiors businessWord for word“In the fourth quarter of fiscal 2015, the Company completed its global automotive interiors joint venture with Yanfeng Automotive Trim Systems.” 10-K for 2015 | divestiture | In the fourth quarter of fiscal 2015 | — |
three acquisitionsWord for word“During fiscal 2015, the Company completed three acquisitions for a combined purchase price, net of cash acquired, of $47 million , $18 million of which was paid as of September 30, 2015.” 10-K for 2015 | acquisition | During fiscal 2015 | $47 million |
Tyco International plcWord for word“On September 2, 2016, the Company and Tyco International plc (“Tyco”) completed their combination pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of January 24, 2016, as amended by Amendment No. 1, dated as of July 1, 2016, by and among the Company, Tyco and certain other parties named therein, including Jagara Merger Sub LLC, an indirect wholly owned subsidiary of Tyco (“Merger Sub”).” 10-K for 2016 | merger | September 2, 2016 | — |
Air Distribution Technologies, Inc. (ADTi)Word for word“In 2014, the Company acquired Air Distribution Technologies, Inc. (ADTi), one of the largest independent providers of air distribution and ventilation products in North America.” 10-K for 2016 | acquisition | 2014 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-09-30 | $133 million | $32 million | $258 million |
Deal filings since 2016
- 2016-12-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-10-31 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-09-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-07-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-03-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-01-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Johnson Controls’s annual reports (10-K for 2016, 10-K for 2015, 10-K for 2014) and the financial data it files with the SEC, as of 2016-11-23. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.