Johnson Controls Acquires Hybrid Energy AS to Expand Presence in District Heating and Industrial Sectors with High-Temperature Solutions Utilizing Natural Refrigerants
January 14, 2023
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Johnson Controls International ($NYSE:JCI) is a publicly traded, multinational conglomerate headquartered in Cork, Ireland. It is a leader in the HVAC, fire safety, security, and energy management industries. The company has been at the forefront of innovation for over a century and provides cutting-edge solutions to their customers around the world. In order to further expand their presence in the district heating and industrial sectors, Johnson Controls has acquired Hybrid Energy AS. These solutions are primarily heat pumps that can reach temperatures above 100 degrees Celsius, which is essential for industrial processes and district heating applications. The heat pumps can use natural refrigerants with low global warming potential, including ammonia and propane.
This allows the pumps to be more energy-efficient and have less of an environmental impact. Furthermore, Hybrid Energy AS’s technology is flexible and can be tailored to a wide variety of applications in different industries. It will also provide them with access to Hybrid Energy AS’s technology, which can be used to develop new products and services that are targeted towards these rapidly growing markets. Johnson Controls is always looking for ways to improve their offerings and this acquisition is expected to be beneficial for both the company and its customers.
Share Price
The market responded positively to the news; the stock opened at $67.8 and closed at $68.8, up 0.7% from last closing price of $68.4. This increase in share price reflects the investors’ confidence in JCI’s ability to capitalize on the potential of this acquisition. JCI is currently one of the world’s largest suppliers of heating, ventilation and air conditioning (HVAC) products and services. This acquisition is an exciting move for JCI and its shareholders, as it signals their commitment to investing in innovative technology and advancing their operations, while also working to reduce their environmental impact.
Overall, this acquisition is beneficial for both parties involved and is expected to contribute positively to JCI’s long-term success. With its commitment to innovation, efficiency and sustainability, Johnson Controls International is sure to remain a leader in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for JCI. More…
| Total Revenues | Net Income | Net Margin |
| 25.3k | 1.53k | 7.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for JCI. More…
| Operations | Investing | Financing |
| 1.99k | -693 | -516 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for JCI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 42.16k | 24.76k | 23.62 |
Key Ratios Snapshot
Some of the financial key ratios for JCI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.8% | 18.3% | 7.6% |
| FCF Margin | ROE | ROA |
| 5.5% | 7.5% | 2.9% |
VI Analysis
Johnson Controls International is an ideal stock for investors looking for consistent and sustainable dividends. According to the VI Star Chart, the company is classified as a ‘cow’, meaning it has a track record of dividends, asset, and profitability that are all fairly reliable. Dividend investors may be particularly interested, as the company is strong in this area. The company also has a high health score of 8/10 with regards to its cashflows and debt, meaning it can withstand any economic crisis without the risk of bankruptcy. In terms of other fundamentals, Johnson Controls International is medium in asset and profitability and weak in growth. That being said, it may be a good choice for investors looking for long-term stability rather than rapid growth. Moreover, the company’s fundamentals are reflective of its long term potential, making it a solid choice for those looking for a reliable investment. All in all, Johnson Controls International is a great option for those looking for steady dividends and long-term security. More…
VI Peers
Johnson Controls International PLC is a leading provider of controls and technology solutions for a variety of industries. The company’s products and services are used in a wide range of applications, including HVAC, security, fire, and energy management. Johnson Controls International PLC has a strong competitive position in the market and is well-positioned to continue its growth. The company’s competitors include Hochiki Corp, Geberit AG, and Rockwool AS.
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Hochiki Corp is a Japanese company that manufactures and sells fire protection equipment. The company has a market cap of 36.64 billion as of 2022 and a return on equity of 9.08%. Hochiki was founded in 1918 and is headquartered in Tokyo, Japan. The company’s products include fire alarm systems, fire extinguishers, and fire sprinklers. Hochiki also provides services such as fire safety consulting and training.
– Geberit AG ($OTCPK:GBERY)
Geberit AG is a Swiss company that manufactures and sells sanitary products. The company has a market cap of 15.16B as of 2022 and a Return on Equity of 29.76%. Geberit’s products include toilets, sinks, showers, and other plumbing products. The company has a strong presence in Europe and Asia.
– Rockwool AS ($LTS:0M09)
Rockwool International A/S is a Denmark-based company engaged in the manufacture of stone wool. The Company’s products are used for thermal and acoustic insulation, as well as for fire protection and horticultural substrates. It operates through two segments: Insulation and horticulture. The Insulation segment focuses on the manufacture of products for thermal and acoustic insulation in buildings, ships, cars and industrial applications. The Horticulture segment offers substrates for professional horticulture, including growers of fruit, vegetables and flowers. Rockwool International A/S has a market cap of 29.48B as of 2022, a Return on Equity of 10.81%.
Summary
Johnson Controls International (JCI) recently announced the acquisition of Hybrid Energy AS, a Norwegian company specializing in district heating and industrial sectors utilizing natural refrigerants. Analysts anticipate that this acquisition will add to JCI’s product portfolio, helping the company to strengthen its competitive position. With the addition of Hybrid Energy AS’ expertise and technology, JCI is expected to increase its market share in its existing markets, as well as providing access to new markets.
JCI’s stock price has risen since the announcement, indicating investor confidence in the deal. All in all, this acquisition is seen as a positive move by investors, and is expected to boost JCI’s growth and profitability over the long term.
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