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JCI to sell Power Solutions business for $13.2 billion

November 20, 2018Paul Ragusa, Editor

Johnson Controls International announced a definitive agreement to sell its Power Solutions business to Brookfield Business Partners L.P. in a cash transaction valued at $13.2 billion. "Today's announcement marks a significant milestone in the ongoing transformation of the Johnson Controls portfolio," JCI chairman and chief executive officer George Oliver said in the announcement. "The sale of our Power Solutions business will create value for investors by streamlining our portfolio and giving us...

JCI, Power Solutions


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