Items Tagged with 'divestiture'

Earth Networks has announced a new strategic direction to focus on business-to-business (B2B) and business-to-government (B2G) opportunities and has sold its consumer-focused WeatherBug brand to xAd Inc., a leader in location intelligence.

Emerson announced an agreement to sell Network Power to Platinum Equity and a group of co-investors. The transaction is valued at $4 billion. Emerson also announced it has agreed to sell its Leroy-Somer and Control Techniques business units to Nidec Corp. This transaction is valued at $1.2 billion.

CPower announced it has acquired Johnson Controls’ Integrated Demand Resources (iDR) business. The purchase is part of CPower's ongoing efforts to expand its demand response portfolio nationwide.

SPX Corp. announced an agreement for the sale of its Dry Cooling business to Paharpur Cooling Towers Limited. The purchase price is estimated to be approximately $48 million, subject to adjustments for working capital at closing.

Ingersoll-Rand plc announced it will sell its remaining equity interest in its Hussmann refrigeration business as part of a transaction in which Panasonic Corp. is acquiring 100 percent of Hussmann’s shares.

Kenneth Goodrich, CEO of US Peach LLC, a provider of HVAC and plumbing services under multiple brands, has announced the turnaround and sale of one of its portfolio companies, Phoenix-based Sonoran Air, to Mauro Calderon.

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.

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.