Oct. 6, 2014: Johnson Controls to Divest Its Global Workplace Solutions Business
Service-Based Business Is Not Core to Company’s Manufacturing, Engineering, and Product-Based Portfolio
MILWAUKEE — 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.
“The global facilities management outsourcing market is very healthy and continues to grow,” said Alex Molinaroli, chairman and CEO, Johnson Controls. “GWS is a strong business and a leader in its market with tremendous potential to grow. As we’ve focused on it this past year to understand what is needed to win long-term, it is clear that GWS is really an exclusively service-based business and not core to our manufacturing, engineering, and product-based portfolio. This is a win-win all around.”