Johnson Controls to expand OpenBlue digital buildings capabilities through acquisition of workplace management software leader FM: Systems

CORK, Ireland, July 17, 2023 /PRNewswire/ -- Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, has acquired FM:Systems, a leading digital workplace management and Internet of Things (IoT) solutions provider for facilities and real estate professionals. The base purchase price for the transaction is $455 million, plus additional payments to be made subject to the achievement of post-closing earnout milestones.