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| Type | Public (NYSE: JCI) |
|---|---|
| Founded | 1885 |
| Headquarters | Milwaukee, Wisconsin |
| Key people | Stephen A. Roell, CEO & Chairman |
| Products | automotive interiors, car seats, batteries, climate control, facility management |
| Market cap | US$ 9.9 billion (Oct. 2008) |
| Revenue | US$ 34.69 billion (2008) |
| Net income | US$ 1.252 billion (2008) |
| Employees | 140,000 |
| Website | www.johnsoncontrols.com |
Johnson Controls, Inc. (NYSE: JCI) is a company, based in Milwaukee, Wisconsin, USA. It was founded in 1885 by professor Warren S. Johnson, inventor of the first electric room thermostat.
It is a Fortune 500 diversified, multi-industrial company with 140,000 employees in 1,300 locations across six continents. It has achieved consistent growth that includes 61 consecutive years of increased sales, 17 consecutive years of increased earnings, and 33 consecutive years of dividends increases.
Johnson Controls operates three business units: Automotive Experience, Building Efficiency and Power Solutions.
AUTOMOTIVE EXPERIENCE - provides automotive systems and interiors to improve the driving experience. Technologies include the Mobile Device Gateway which enables passengers to wirelessly sync their personal electronic devices with Bluetooth connectivity. Also slim seating which provides more room for rear seat occupants that uses less metal and material, reducing vehicle weight and improving fuel efficiency.
BUILDING EFFICIENCY - provides energy-saving technologies for residential and commercial buildings worldwide. These technologies include heating ventilating and air conditioning systems. climate control, lighting, fire, security, renewable energy, building automation, corporate real estate portfolio planning and related building environment needs.
POWER SOLUTIONS - supplies energy-efficient batteries for automotive, commercial and marine applications. Its joint venture, Johnson Controls-Saft, opened the world’s first lithium-ion hybrid vehicle battery production facility in Nersac, France in 2008. It is a major recycler of automotive batteries.
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Acquisitions
- 1968 - Penn Controls (refrigeration and gas heating controls)
- 1978 - Globe Union Inc (automotive batteries)
- 1985 - Hoover Universal (automotive seating and plastics machinery)
- 1989 - Pan Am World Services (facilities management)
- 1996 - Prince Corporation (automotive interiors and electronics)
- 2005 - USI Real Estate (office real estate)
- 2005 - York International (air conditioning, heating and refrigerating), $3.2 billion
- 2007 - Skymark International (air conditioning, heating and refrigerating)
- 2008 - Plastech (injection-molded components and assemblies)
Joint ventures
BLJC
Brookfield LePage Johnson Controls is a joint venture with Brookfield Properties to provide commercial property management services in Canada. It was established in 1990.
JCS
Johnson Controls-Saft Advanced Power Solutions (JCS) is a joint venture between Johnson Controls and French battery company Saft [1]. It was officially launched in January 2006. [2]
Varta has established a JCS development centre at its German HQ, following the setting-up of Varta-SAFT joint venture. [2]
References
Brief mentioning in Michael Moore's "The Big One" documentarty
External links
- Company web site
- Company international web site
- York International web site
- York Unitary Products Group - View Product Offering web site
- Q&A with CEO about company growth
- [1] Johnson Controls Moves To Mexico 167 IBEW Jobs Lost in Indiana
- [2] COMPANY NEWS; JOHNSON CONTROLS TO CUT 1,065 JOBS AT TWO PLANTS
- [3] Johnson Controls profit tops $1 billion
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