Johnson Controls Acquires M&M Carnot To Enhance Sustainable Industrial Refrigeration Portfolio; Financial Terms Not Disclosed
Portfolio Pulse from Happy Mohamed
Johnson Controls (NYSE:JCI) has acquired M&M Carnot, a leading provider of natural refrigeration solutions with ultra-low global warming potential (GWP). The acquisition will enhance Johnson Controls' sustainable industrial refrigeration portfolio and help customers meet their sustainability goals.
June 21, 2023 | 5:25 pm
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Johnson Controls' acquisition of M&M Carnot will enhance its sustainable industrial refrigeration portfolio, positioning the company to capture growing demand for ultra-low GWP refrigeration solutions.
The acquisition of M&M Carnot will strengthen Johnson Controls' position in the sustainable industrial refrigeration market. M&M Carnot's ultra-low GWP solutions will help Johnson Controls' customers meet their sustainability goals and comply with environmental regulations. This acquisition is likely to have a positive short-term impact on JCI's stock price as it demonstrates the company's commitment to sustainability and growth in a growing market.
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IMPORTANCE 80
RELEVANCE 100