Johnson Controls and Tyco International Announce Merger
Big news today in the security integration world, with implications that can impact vast numbers of security end users. Johnson Controls announced today that it will merge with Ireland-based fire protection and security systems maker Tyco International.
Johnson Controls has been focusing more on building automation and efficiency products of late, and the merger seems to be hinged around efficiency as well: according to a Reuters report, the deal will result in at least $500 million in savings in the first three years, and create at least $150 million in annual tax savings, as the combined company will be based in Ireland.
According to USA Today, the combined company hopes to tie together their complementary businesses, including heating and air conditioning, fire protection and security technology, developing more connected products in the Internet of Things.