# 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.

- Type: Acquisition
- Announced: 2019-11-04
- Where: Roanoke, Virginia, United States
- Status: completed
- Products: active magnetic bearings, centrifugal chillers, motors and drives
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (partner)
- [Johnson Controls](https://endata.com/companies/5744.md) (acquirer)
- [Synchrony](https://endata.com/companies/5745.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/JOHNSON-CONTROLS-INTERNAT-31222816/news/Johnson-Controls-International-to-acquire-Synchrony-from-Siemens-29513634/), 2019-11-04: "The acquisition, which closed Nov. 1, will enable Johnson Controls to improve the performance of its centrifugal chiller products"
- [ac-today.com](https://ac-today.com/johnson-controls-to-acquire-synchrony-from-siemens/), 2019-12-03: "The acquisition, which closed Nov. 1, will enable Johnson Controls to improve the performance of its centrifugal chiller products, which rely on magnetic bearings to boost energy efficiency, improve reliability and reduce maintenance costs, among other benefits."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.