Home
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Making a strong case for communal approach to health
What I learned as a parent when school reopened
Sunday
- Subscribe
Home » Business » Manufacturing
Completion of merger to form a giant
Print Edition
JOHNSON Controls, an intelligent building system provider, completed its merger with Tyco International to form a commercial and industrial building control systems giant.
The US$14 billion merger will create a giant employing 117,000 employees, with annual revenue of US$30 billion forecast for this year.
A source from Johnson Controls, who refused to be named, told Shanghai Daily yesterday the group aims to focus on higher margin business, which is led by its intelligent building system business. The merger would help the US-Irish multinational provide more integrated building system solutions.
Revenue of its intelligent building system business gained 33 percent during its fiscal third quarter (April-June) from a year earlier, while its battery business added 3 percent. Sales at its automotive business, which it plans to spin off in October, fell 19 percent annually.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
