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10 Major Security Mergers and Acquisitions From 2018

Johnson Controls Sells Power Solutions Division for $13.2B

Johnson Controls Int’l reached an agreement in November to sell its power solutions business, which manufacturers batteries, to investment firm Brookfield Business Partners L.P., in a cash deal valued at $13.2 billion. With the transaction, Johnson Controls says it becomes a pure-play building technologies and solutions provider. Read the story.

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