# Johnson Controls acquires Norway's Hybrid Energy, maker of heat pumps

Johnson Controls announced on January 13, 2023 its acquisition of Hybrid Energy AS, a Lysaker, Norway maker of high-temperature industrial heat pumps. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2023-01-01
- Where: Lysaker, Norway
- Status: completed
- Products: high-temperature heat pumps
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Johnson Controls](https://endata.com/companies/5744.md) (acquirer)
- [M&M Carnot](https://endata.com/companies/9214.md) (target)
- [Hybrid Energy](https://endata.com/companies/10156.md) (target)

## Sources

- [mdm.com](https://www.mdm.com/news/top-distributor-sectors/hvacr/johnson-controls-acquires-norwegian-heat-pumps-maker/), 2023-01-18: "Global building products manufacturer Johnson Controls announced Jan. 13 its acquisition of Hybrid Energy AS, a manufacturer of heat pumps based in Lysaker, Norway."
- [naturalrefrigerationreview.com](https://naturalrefrigerationreview.com/mergers-and-acquisitions-in-the-refrigeration-industry-continue/), 2024-02-29: "Johnson Controls announced the acquisition of M&M Carnot, a provider of natural refrigeration solutions, in 2023."

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