Johnson Controls announces sale of subsidiary to L.A.-based firm

March 31, 2015 8:50 PM

56 0

Johnson Controls announces sale of subsidiary to L.A.-based firm

GLENDALE, WI (WTAQ) - Wisconsin's largest company is selling a large subsidiary, as it focuses on its core business of making ventilating controls for commercial buildings.

Johnson Controls of Glendale said Tuesday it will sell its global workplace solutions' division to the CBRE Group for almost $1.5 billion.

Also read: Telefonica to sell up to 40 percent of Telxius to KKR for 1.3 billion euros

Read more

To category page

Loading...