Johnson Controls to acquire data center equipment maker in $870 million deal

Johnson Controls International plc plans to acquire Silent-Aire, a maker of air handlers and modular data centers, in a deal valued at up to $870 million. The all-cash deal, expected to close by the end of June, includes an upfront payment of $630 million and additional payments based on earnout milestones. Based in Edmonton, Alberta,

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Arthur Thomas
Arthur covers banking and finance and the economy at BizTimes while also leading special projects as an associate editor. He also spent five years covering manufacturing at BizTimes. He previously was managing editor at The Waukesha Freeman. He is a graduate of Carroll University and did graduate coursework at Marquette. A native of southeastern Wisconsin, he is also a nationally certified gymnastics judge and enjoys golf on the weekends.

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