by Brianna Crandall — August 26, 2016 — Shareholders of Tyco and Johnson Controls last week overwhelmingly approved all matters related to the two companies’ previously announced proposed merger.
The companies say the merger will create a global industrial leader uniquely positioned in buildings and energy markets by bringing together two leading businesses with best-in-class product, technology and services to deliver greater value to customers, shareholders and employees and to deliver on the promise of smarter cities and communities.
The merger is expected to be completed on September 2, 2016.
Tyco is a leading pure-play fire protection and security company providing more than 3 million customers around the globe with the latest fire protection and security products and services. Tyco has over 57,000 employees in more than 900 locations across 50 countries serving various end markets, including commercial, institutional, governmental, retail, industrial, energy, residential and small business.
Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. The company’s 150,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; batteries for hybrid and electric vehicles; and seating components and systems for automobiles. Johnson Controls says its commitment to sustainability dates back to its roots in 1885, with the invention of the first electric room thermostat.