Johnson Controls (JCI) recently sold their energy solutions business to focus on their buildings solutions. The company plans to benefit from the expected 33.7% CAGR for the smart buildings solutions market by 2022. The company received $13.2 billion from this sale, which is being used to capitalize on growth trends, to strengthen the balance sheet, and to return cash to shareholders (dividends/buybacks).
The company has solutions that are increasingly more advanced so that commercial and residential buildings can be more efficient and safer than they were before the new technology. Johnson Controls offers HVAC systems, intelligent building control systems, fire detection, and electronic security systems. The company's systems work together so that customers can effectively monitor everything for optimal efficiency and safety.
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