Johnson Controls, Tyco to Merge in Inversion Deal

Johnson Controls Inc. and Tyco International PLC agreed to merge in a $14 billion deal that creates a new giant provider of commercial-building systems and reflects a growing push by some executives and shareholders toward companies that are bigger but more focused.

The deal, announced Monday, would combine Johnson Controls’ business selling heating and air-conditioning equipment for skyscrapers, schools, hospitals and other structures with Tyco’s lines of security and fire-suppression gear into a company with more than $30 billion a year in sales.

Originally published at https://www.wsj.com on January 25, 2016.

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