August 26, 2005—Johnson Controls, Inc. and York International Corporation have announced that Johnson Controls will acquire York, a global supplier of heating, ventilating, air-conditioning and refrigeration (HVAC&R) equipment and services. York, with estimated sales of nearly $5 billion, will become part of the nearly $6 billion Controls Group of Johnson Controls. The combination of the Controls Group and York is expected to increase Johnson Controls rate of growth in the $200 billion industry for global building environments. Johnson Controls fiscal 2005 consolidated sales from continuing operations, including its automotive seating/interiors and battery businesses, are forecast at nearly $28 billion.
As a result of the combination, Johnson Controls will:design and sell integrated controls and HVAC&R equipment; become the largest global provider to the high-margin building services market; and capitalize on significant opportunities to supply products and services to each other’s customers, Johnson says.
For more information, visit the Johnson Web site.
