July 21, 2008
Johnson Controls Acquires PWI Energy to Expand Global Energy Services
MILWAUKEE, July 21 /PRNewswire/ -- Johnson Controls, Inc., the global leader in creating smart and sustainable environments, has acquired PWI Energy, an independent global provider of energy and greenhouse gas management services, based in Philadelphia. Terms of the acquisition were not disclosed.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO)The acquisition is part of Johnson Controls ongoing strategy to deepen and broaden the company's leadership in energy and greenhouse gas management solutions providing global organizations access to a comprehensive suite of energy and sustainability-related offerings.
In North America, Johnson Controls can further expand the enterprise-wide energy management solutions provided to customers in vertical market segments, such as government, education, industrial manufacturing and many other industries.
PWI Energy currently serves global clients with a comprehensive energy management program that integrates energy supply management, energy efficiency services, and energy information and greenhouse gas (GHG) emissions management. The company has developed an industry-leading information technology platform which organizes all the information needed to create a comprehensive, global management system for energy and greenhouse gases.
PWI Energy will integrate into Johnson Controls' Global Workplace Solutions business, which is a recognized leader in managing the real estate portfolios of global organizations with multiple facilities.
"With the acquisition of PWI we are now even better positioned to help global organizations measure, manage and reduce their energy costs, as well as their overall Greenhouse Gas Footprint," said Iain Campbell, vice president and general manager, North American Service and Global WorkPlace Solutions, Johnson Controls. "In this era of rising energy prices and increasing concern over the environmental impact of greenhouse gas emissions, our enhanced solutions can positively impact climate change while decreasing organizations' vulnerability to a volatile market," said Campbell.
"Johnson Controls was quick to recognize PWI Energy's ability to bring state-of-the-art energy management technology and services to the table," said Joseph Turk, president and principal, PWI Energy. "We look forward to seeing our solutions integrated into the Johnson Controls family and to bring greater benefits to customers the world over."
Johnson Controls is the global leader in providing energy management solutions and services to the nonresidential market as validated by our global reach and offices, breadth of solutions, service technicians, diversity in market segments served, and global management of nearly 2 billion square feet of customers' facilities.
Given this breadth, current PWI Energy customers can continue to expect a high-level of service and expertise throughout this transition. PWI will retain offices in Philadelphia, and will take on the Johnson Controls name within a few months.
About Johnson Controls
Johnson Controls is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. Our commitment to sustainability drives our environmental stewardship, good corporate citizenship in our workplaces and communities, and the products and services we provide to customers. For additional information, please visit http://www.johnsoncontrols.com/.
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Johnson Controls, Inc.
CONTACT: Kari B. Pfisterer of Johnson Controls, Inc., +1-414-524-4017,[email protected]
Web site: http://www.johnsoncontrols.com/
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