Cork, Ireland-based Johnson Controls has acquired Edmonton-based Silent-Aire in a transaction valued at up to $870 million. The acquisition was completed on May 12, 2021.
According to Johnson Controls, the purchase will allow the company to continue to grow in the “data centre vertical, with industry leading cooling equipment technology and modular data centre solutions.”
Silent-Aire is an international leader in hyperscale data centre cooling and modular critical infrastructure solutions. It has approximately 3,000 employees worldwide, and an estimated $650 million in annual revenue for fiscal 2021.
“With Silent-Aire, Johnson Controls has a significant opportunity to increase its focus on the data centre vertical and accelerate growth in this attractive end market by combining the strengths of our global scale in manufacturing and service, with leading-edge innovation and a broad portfolio of technologies dedicated to serving hyperscale providers,” said George Oliver, Johnson Controls chairman and CEO, in making the announcement. “This acquisition perfectly aligns with several of our key strategic growth initiatives and underscores our focus on creating shareholder value. We are incredibly excited to welcome Silent-Aire to the Johnson Controls family as we look to build upon their success of nearly 30 years of innovation, operational expertise, and deep customer relationships.”