Johnson Controls to acquire EnergyConnect for demand response

Energy-efficiency firm Johnson Controls and EnergyConnect Group, a provider of smart-grid demand response services and technologies, have signed a merger agreement under which Johnson Controls would acquire the outstanding shares of EnergyConnect.

The transaction, which is subject to customary closing conditions, is expected to be completed by July.

The acquisition of EnergyConnect would boost Johnson Controls’ Building Efficiency business with demand response capabilities in the large commercial, industrial and institutional markets. EnergyConnect’s demand response technology and service platform provides energy managers and facility operators real-time energy information and access to energy markets, enabling them to control their energy spend.

The combination of energy efficiency, smart-building technologies and demand response services will create an additional platform for growth in a rapidly growing segment of the energy market, according to Johnson Controls.

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