Truelink Capital Enters Definitive Agreement To Acquire Air Distribution Technologies From Johnson Controls; Transaction Expected To Close In Second Half Of 2024
Portfolio Pulse from Benzinga Newsdesk
Truelink Capital has entered a definitive agreement to acquire Air Distribution Technologies from Johnson Controls. The transaction is expected to close in the second half of 2024.
June 18, 2024 | 12:32 pm
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Johnson Controls has agreed to sell Air Distribution Technologies to Truelink Capital, with the transaction expected to close in the second half of 2024.
The sale of Air Distribution Technologies could positively impact Johnson Controls by allowing the company to streamline its operations and potentially improve its financial position. The definitive agreement and expected closing date provide a clear timeline for investors.
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