Johnson controls to expand openblue digital buildings capabilities through acquisition of workplace management software leader fm:systems

Acquisition adds complementary cloud-based software as a service (saas) digital workplace management capabilities to johnson controls' leading openblue digital buildings software portfolio fm:systems' double-digit revenue growth and gross and operating margins expected to be accretive to johnson controls significant synergies providing increased capabilities and offerings from fm:systems products to johnson controls customers 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.
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