Based in Lysaker, Norway, Hybrid Energy AS is a provider of high-temperature energy management solutions.
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The commitment to reach net-zero carbon emissions by 2040 aligns with the company’s mission to preserve the environment in part by helping to deliver energy efficiencies to customers.
Manufacturer to offer a wider range of products and services to customers.
Brookfield Business Partners will buy the business for $13.2 billion, company says.
Deal strengthens manufacturers thermostat business and consumer retail offering.
Company establishes joint venture to capitalize on economic growth in Southeast Asia.
Year-to-date sales increased 4.5 percent year-over-year.
Automotive seating and interiors business projects up to $17 billion in sales for first year.
Year-to-date sales decreased 3.4 percent year-over-year.
Profit decreased 11.2 percent year-over-year.
Combined company will be headquartered in Ireland.
Profit increases 28.6 percent to $1.6 billion during fiscal year.
Year-to-date sales decreased 1.3 percent year-over-year.
Profit increases 12.4 percent in fiscal 2015 first quarter.
The global multi-industrial company also announced several new appointments and plans to divest the Global Workplace Solutions business.
Acquisition will expand Johnson Controls' position building industry.
The companies expect the joint venture to begin operations in 2014.
