johnson-controls-acquires-remaining-stake-of-qolsys-(aug-4th,-2020)

Johnson Controls acquires remaining stake of Qolsys (Aug 4th, 2020)

From: https://www.sptnews.ca/johnson-controls-acquires-remaining-stake-of-qolsys-business/

Johnson Controls announced Tuesday it has acquired the remaining stake of Qolsys, a residential and commercial security and smart-home manufacturer, after owning a majority since 2014.

The company states that the Qolsys founders and leadership team will remain in Silicon Valley (San Jose, Calif.) assuming key roles in Johnson Controls global intrusion business.

This means DSC and Qolsys have the same owner now. DSC was owned by Tyco, which merged with Johnson Controls.

submitted by /u/MCLMelonFarmer
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