Johnson Controls to acquire EnergyConnect
Johnson Controls and EnergyConnect Group, Inc., a provider of smart grid demand response, today announced the signing of a merger agreement under which Johnson Controls would acquire the outstanding shares of EnergyConnect.
Johnson Controls has made a strategic investment in Azure Dynamics, the result of which will give the company a 3.4% stake in the developer and production of hybrid electric and electric components and powertrain systems for commercial vehicles.