2014 ControlTrends Awards HighLight: Building Analytics Software of the Year

Congratulations to John Petze and the team at Skyfoundry for winning the 2014 ControlTrends Awards Building Analytics Software of the Year.

2014 ControlTrends Awards Building Analytics Software of the Year: SkyFoundry from Eric Stromquist on Vimeo.

CBRE to purchase Johnson Controls’ Global WorkPlace Solutions business for $1.475 billion

MILWAUKEE – [March 31, 2015] – Johnson Controls, Inc. (NYSE: JCI) announced today it has reached a definitive agreement for the sale of its Global WorkPlace Solutions (GWS) business to CBRE Group, Inc., for $1.475 billion. The company announced its intentions to divest the GWS business in September 2014 as part of its strategy to invest in product businesses that are core to its multi-industrial portfolio and growth objectives.

The agreement includes a 10-year strategic relationship between the two companies. Johnson Controls will be the preferred provider of HVAC equipment, building automation systems and related services to the 5 billion sq. ft. portfolio of real estate and corporate facilities managed globally by CBRE and GWS. The agreement provides Johnson Controls with new channels for its offerings and when fully operational is expected to generate up to $500 million of annual incremental revenue for the Johnson Controls Building Efficiency business.

“This agreement with CBRE is a great step for both companies that will allow each of us to build upon our core strengths to create new sources of value for our customers. GWS is a natural fit with CBRE’s offerings, and together they will strategically take the business forward,” said Alex Molinaroli, chairman and CEO, Johnson Controls. “In addition, the new strategic partnership provides another new, strong channel for Johnson Controls to serve CBRE and its clients around the world with our full portfolio of buildings technologies and services.”

In connection with the agreement, CBRE will also provide Johnson Controls with a full suite of integrated corporate real estate services (including facilities management, project management and transaction services) on more than 50 million sq. ft. of Johnson Controls properties.

“The exceptionally talented GWS team will greatly enhance our service offering for occupiers around the world,” said Bob Sulentic, president and chief executive officer of CBRE. “With GWS, we further our ability to create advantages for occupier clients by aligning every aspect of how they lease, own, use and operate real estate to enhance their competitive position.”

In addition, the companies will jointly provide $40 million over 10 years to fund an innovation lab that will develop leading-edge energy management solutions to lower costs and enhance their clients’ work environments. The joint innovation lab will evaluate, connect and leverage products, services and energy data to create value for occupiers and investors of real estate.

“This agreement is much more than a transaction,” said Molinaroli. “It reflects our commitment to grow our buildings business, and is a long-term arrangement with significant mutual value and a strategic partnership that will drive sustainable growth for both companies.”

Johnson Controls noted that it had recently completed the sale of its interests in two GWS-related joint ventures to Brookfield Asset Management, Inc. Including the joint venture transactions, aggregate proceeds from the GWS business divestitures are $1.675 billion.

Johnson Controls said it will treat GWS as a discontinued operation in the second quarter of fiscal 2015. The transaction is expected to close near the end of its 2015 fiscal year and is subject to regulatory clearance. BofA Merrill Lynch acted as the financial advisor to Johnson Controls, with Wachtell, Lipton, Rosen & Katz serving as legal advisor. The company will host an analyst call Tuesday March 31 at 10 a.m. CDT. It is available via webcast in the investor section of http://www.johnsoncontrols.com/investors.

About Johnson Controls: Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Our 170,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful. In 2014, Corporate Responsibility Magazine recognized Johnson Controls as the #12 company in its annual “100 Best Corporate Citizens” list. For additional information, please visit http://www.johnsoncontrols.com or follow @johnsoncontrols on Twitter.

About Johnson Controls Global WorkPlace Solutions
Johnson Controls Global WorkPlace Solutions (GWS) is a leading provider of facilities, corporate real estate and energy management for many of the world’s largest companies. The company creates business advantage for its customers through tailored solutions that optimize their real estate performance and employee productivity while reducing total occupancy costs. Its 16,000 employees have delivered over $3 billion in savings for its customers over the last 10 years and ensures the business continuity for the 1.2 billion square feet of real estate that the company manages in 55 countries.

CONTACT:
Fraser Engerman
414-524-2733
fraser.engerman@jci.com

CBRE Group, Inc. Acquires Environmental Systems, Inc.

Los Angeles, April 14, 2015 – CBRE Group, Inc. (NYSE:CBG) today announced that it has acquired Environmental Systems, Inc. (ESI), a leading systems integrator and provider of energy management services in the United States.

ESI develops innovative solutions that enable commercial property occupiers and owners to efficiently manage their building systems and remotely monitor and analyze energy usage in real time to identify and achieve potential savings. ESI is providing analytics-driven managed services on over 180 million sq. ft. of facilities at over 2,800 sites throughout the U.S.

“ESI complements our existing suite of facilities-related outsourcing services. Our clients increasingly look to us to leverage new and existing controls — and the data that can be extracted from systems — and remote monitoring to drive greater energy efficiency,” said Bill Concannon​, chief executive officer, Global Corporate Services, CBRE. “This is a core strategy and growing capability for CBRE. ESI’s professionals will enhance our expertise and service offering in energy & sustainability management.”

Founded in 1986, ESI, based in Brookfield, Wisconsin, offers a wide range of technology, solutions and services in the areas of systems integration, building automation, energy management, advanced analytics, security systems, and support services. The company serves a wide range of facility types including office, retail, industrial, critical environments, health care and education.

The acquisition of ESI follows CBRE’s announcement of a definitive agreement to acquire the Global WorkPlace Solutions (GWS) business of Johnson Controls, Inc., expected to close in the late third quarter or early fourth quarter of 2015. GWS is a market-leading provider of integrated facilities management solutions for major occupiers of commercial real estate. Both transactions underscore CBRE’s commitment to provide global, industry-leading facilities management solutions — including energy & sustainability products and services — for its clients.

“We value long-term relationships with our customers and work closely with them to reduce costs, improve efficiency and maximize their facility investment,” said Paul Oswald, president, ESI. “Joining CBRE’s high-quality, integrated Energy & Sustainability service offering will further our goal of providing superior solutions that meet the ever-evolving needs of our clients.”

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

“Safe Harbor” Statement Under the U.S. Private Securities Litigation Reform Act of 1995
Certain of the statements in this release regarding the acquisition of Environmental Systems, Inc. (“ESI”) that do not concern purely historical data are forward-looking statements within the meaning of the ”safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties, including, but not limited to, the ability of the parties to successfully integrate ESI with CBRE’s existing operations, as well as other risks and uncertainties discussed in CBRE’s filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release and, except to the extent required by applicable securities laws, CBRE expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If CBRE does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements, and risks to CBRE’s business in general, please refer to CBRE’s SEC filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2014. Such filings are available publicly and may be obtained off the Company’s website at www.cbre.com or upon request from the CBRE Investor Relations Department at investorrelations@cbre.com.

2014 ControlTrends Awards Highlight: The Peripheral Product of the Year

Congratulations to George Thomas and the team at Contemporary Controls for winning the Peripheral Product of the Year Award at the 2014 ControlTrends Awards.

On The Red Carpet at the 2014 ControlTrends Awards

The superstars of the HVAC and Building Automation Controls Industry were out in full force at the 2014 ControlTrends Awards. It is impossible to do justice to all the great people in our industry. Hopefully, this video captures a little bit of the excitement of this year’s Event. A special Thanks to all our Sponsors, who make the ControlTrends Awards possible.

On The Red Carpet at the 204 Controltrends Awards from Eric Stromquist on Vimeo.

Easy IO’s Gordon Chan Wins ControlTrends Executive of the Year Small Manufacturer

Congratulations to Gordon Chan. Easy IO’s chief won Executive of The Year Small Manufacturer. Gordon was awarded this honor by the world-wide ControlTrends voting community. Easy IO is a company that has been and continues to be on the move in building automation controls. The Easy IO Beast from the East won the Plant Controller of the Year and say building automation controls systems integrators around the world use these powerful controllers. Keep up the good work Gordon.

2014 HVAC Executive of the Year Smaill Manufacturer from Eric Stromquist on Vimeo.

Tim’s Tech Tip: Setting Up a Kreuter “Stop Sign” VAV Controller

In this extensive training video, Stromquist & Company’s, Tim Chamblee teaches you step-by-step how to control a VAV box with the Kreuter pneumatic VAV controller. There are hundreds of thousands of the KMC CSC3011 series of pneumatic VAV controllers. Thanks to Tim, we know how to set them up, calibrate, and troubleshoot these pneumatic VAV controllers.

DGLogik Wins Big at the 2014 ControlTrends Awards!

DGLogik wins the 2014 ControlTrends Awards 3rd Party Visualization Software of the Year! DGLogik’s DGLux5 visualization tool — took the honors again. DGLux5’s winning visualization product enables the unification of data systems and multiple data providers into a singular interface adding comprehensive functionalities along with its amazing data visualization tool. Congratulations again, to the team at DGLogik!

ControlTrends Visualization Solution of THe Year 2014 from Eric Stromquist on Vimeo.

Honeywell’s Laura Kevitt Wins 2014 ControlTrends PID Award!

The ControlTrends Passion, Integrity, and Dedication (PID) Award is one of the most competitive and prestigious award categories. Standing in the company of an incredible cast of deserving industry stalwarts, Laura Kevitt prevailed and set yet another important milestone — becoming the first woman to win a ControlTrends Award. On behalf of the ControlTrends Community, we congratulate and thank Laura once again for always going above and beyond, and being recognized as personifying the virtues of the PID Award.

2014 PID Award from Eric Stromquist on Vimeo.