Johnson Controls acquires Synchrony magnetic bearing unit from Siemens

Johnson Controls announced it acquired Synchrony, a Roanoke, Virginia developer of active magnetic bearing technology, from Siemens Gas and Power. The deal closed November 1, 2019 and will improve its centrifugal chiller products.

“The acquisition, which closed Nov. 1, will enable Johnson Controls to improve the performance of its centrifugal chiller products”marketscreener.com

• 2 sources
• marketscreener.comJohnson Controls International : to acquire Synchrony from Siemens | MarketScreenerNov 4, 2019
• ac-today.comJohnson Controls to acquire Synchrony from Siemens | Air Conditioning TodayDec 3, 2019

Summarized from public sources; check the original articles before acting on it.