Agreement Includes a 10-Year Strategic Relationship Between the Two Companies
April 6, 2015
Johnson Controls Inc. announced that it has reached a definitive agreement for the sale of its Global WorkPlace Solutions (GWS) business to CBRE Group Inc. for $1.475 billion. Johnson Controls had declared its intention to divest the GWS business in September 2014.
Service-Based Business Is Not Core to Company’s Manufacturing, Engineering, and Product-Based Portfolio
October 6, 2014
Johnson Controls has announced that it plans to divest its Global Workplace Solutions (GWS) business. The company said the action reflects its previously stated intention to invest in businesses that are core to its long-term growth strategy and multi-industrial portfolio.
Watts Insulation Did Not Meet Performance Expectations
August 15, 2013
Watts Water Technologies Inc. announced that it has completed the sale of all of the outstanding shares of Watts Insulation GmbH, an indirect wholly-owned subsidiary of the company formerly known as Austroflex. The company received proceeds from the sale of approximately $9 million.
The Manitowoc Co. Inc. announced that it has sold its Jackson warewashing business to Hoshizaki USA Holdings Inc. Specific terms of the asset sale were not disclosed. Jackson is a leading producer of warewashing equipment systems primarily for institutions and commercial kitchen applications.