International. In a transaction close to US$200 million, Johnson Controls sold 50 percent of its Factility Management division, and does not rule out completing new operations before the end of the year thanks to the strong interest shown by different buyers in this segment of its business.
Despite being in charge of managing nearly 1.8 billion square feet of real estate and providing on-site staff to manage the energy use of large multinational corporations, Johnson Controls announced last September its plans to sell its global workplace solutions business division.
Finally, the company reached an agreement this week to sell a 50% stake in its Facility Management departments in Canada and Australia to Brookfield Asset Management Inc. of New York.
According to official statements from Brookfield's representatives, the decision to purchase this percentage of operations from Johnson Controls is part of a macro plan by the company to become a global Facility Management market leader.
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