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Johnson Controls Completes Silent-Aire Buy

05/12/2021 03:24

07:20 AM EDT, 05/12/2021 (MT Newswires) -- Johnson Controls (JCI) said Wednesday it has completed its purchase of Silent-Aire, a manufacturer of custom air handlers and modular data centers.

The deal, valued for up to $870 million in cash, was announced in April.

Revenue for fiscal 2021 is projected to be about $650 million. The transaction is expected to be slightly accretive to Johnson Controls' adjusted EPS in fiscal 2021, as well as $0.07 to $0.09 accretive in fiscal 2022, according to the statement.

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