Johnson Controls mulls sale of power solutions unit
March 13, 2018
Construction & Engineering | Milwaukee, WI
Johnson Controls International has brought on Centerview Partners as a financial advisor as the company explores strategic alternatives for its power solutions unit, which represents an integrated buildings technology business and a power solutions division that provides batteries to manufacturers in the automotive sector. The unit generated $7.3 billion in revenue and $1.6 billion in EBITDA for fiscal 2017.