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.
LG duct-free commercial a/c models achieve Energy Star’s Most Efficient designation; Burnham Holdings announces appointment to board of directors; SET Enterprises names president/CEO; Nielsen-Kellerman’s Kestrel 4400 Heat Stress Tracker named New Product of the Year; Bristol Compressors names CEO; Ice Energy and Verde Energy USA Holdings announce strategic business alliance; Cornell Dubilier Electronics acquires product lines from SBE Inc.; Extech Instruments multimeter wins NECA Showstopper award; Advantix Systems hires vice president of technical sales support.
Ice Energy, a leading provider of distributed energy storage and smart grid solutions, and Verde Energy USA Holdings LLC, a leading retail energy supplier and clean energy solutions provider, have announced the formation of a strategic business alliance.