- Acquisition will enable Johnson Controls to offer keyless access control and data analytics to efficiently protect specialized high-value, critical infrastructure
- Technology includes Bluetooth-enabled locks and mobile applications for the security of assets such as cellular and communication towers and sites
- The provision of local and off-site access via cellular adds to Johnson Controls robust access control portfolio
Cork, Ireland (April 19, 2022) — Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, announced today that it acquired Security Enhancement Systems LLC (SES), a provider of mobile-based, keyless access control solutions used in critical infrastructure, including telecommunication towers for major providers.
“We are committed to providing the best and most complete access control solution to our customers,” said Sanjeev Singh, vice president, product management, Johnson Controls Security Products business. “This technology allows us to own the entire experience of secure and streamlined access to remote sites and critical infrastructure by service providers. Our customers will benefit from a single, trusted source for security solutions for corporate and other locations.”
SES integration of mobile, cloud and on-premise technology provides a complete solution for multi-site security. SES has pioneered highly optimized and versatile locking solutions for remote sites that include diverse security needs for perimeter control, equipment, shelters and other valuable assets for telecommunication, utilities, transportation and data centers.
“This combination validates our product realization efforts of the past seven years and we are excited that Johnson Controls will bring our technology into its product portfolio,” said Philip Ufkes, SES president and founder. “This partnership will further benefit our current and future customers by providing a wide array of cost-effective security and productivity solutions.”
SES will add to Johnson Controls’ comprehensive portfolio of security and access control technology available today including security and access controls, video management, security as a service, IP cameras, door controllers and card readers.
Raymond James served as the exclusive financial advisor to SES.
To learn more about Security Enhancement Systems, visit here.
About Johnson Controls:
At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet.
With a history of more than 135 years of innovation, Johnson Controls delivers the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through its comprehensive digital offering, OpenBlue. With a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world’s largest portfolio of building technology, software as well as service solutions with some of the most trusted names in the industry. For more information, visit www.johnsoncontrols.com or follow us @johnsoncontrols on Twitter.
About Security Enhancement Systems (SES):
SES provides highly innovative, end-to-end remote access solutions that deliver significant field service efficiency improvements while reducing risk and protecting critical infrastructure assets. SES’s security products currently protect tens of thousands of geographically dispersed sites while seamlessly integrating with customers’ enterprise data, alarm systems and internal processes. SES’s software, electronics and high-security locks give authorized users on-demand and time-limited access to remote assets, thereby maintaining unprecedented levels of security and helping operations understand the who, when, where and why of every site visit – all from their smartphones.
Johnson Controls International plc Cautionary Statement Regarding Forward-Looking Statements
Johnson Controls International plc has made statements in this communication regarding the acquisition of Security Enhancement Systems LLC (SES) that are forward-looking and therefore are subject to risks and uncertainties. All statements in this document other than statements of historical fact are, or could be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In this communication, statements regarding Johnson Controls’ future financial position, sales, costs, earnings, cash flows, other measures of results of operations, synergies and integration opportunities, capital expenditures and debt levels are forward-looking statements. Words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “forecast,” “project” or “plan” and terms of similar meaning are also generally intended to identify forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Johnson Controls cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond Johnson Controls’ control, that could cause the expected impact of the acquisition of Security Enhancement Systems LLC to differ materially from those expressed or implied by such forward-looking statements, include, among others, risks related to the ability to realize the anticipated benefits of the acquisition, including the possibility that expected synergies will not be realized or will not be realized within the expected time frame; delays in the successful integration of Security Enhancement Systems LLC; unfavorable reaction to the acquisition by customers, competitors, suppliers and employees, disruption from the transaction making it more difficult to maintain business and operational relationships; significant transaction costs; and unknown liabilities.
Other factors that could cause Johnson Controls’ actual results to differ materially from those expressed include, among others risks related to: Johnson Controls’ ability to manage general economic, business, capital market and geopolitical conditions, including global price inflation and shortages impacting the availability of raw materials and component products; Johnson Controls’ ability to manage the impacts of natural disasters, climate change, pandemics and outbreaks of contagious diseases and other adverse public health developments, such as the COVID-19 pandemic; the strength of the U.S. or other economies; changes or uncertainty in laws, regulations, rates, policies or interpretations that impact Johnson Controls’ business operations or tax status; the ability to develop or acquire new products and technologies that achieve market acceptance and meet applicable regulatory requirements; changes to laws or policies governing foreign trade, including increased tariffs or trade restrictions; maintaining the capacity, reliability and security of Johnson Controls’ enterprise information technology infrastructure; the ability to manage the lifecycle cybersecurity risk in the development, deployment and operation of Johnson Controls’ digital platforms and services; the risk of infringement or expiration of intellectual property rights; any delay or inability of Johnson Controls to realize the expected benefits and synergies of recent portfolio transactions; the outcome of litigation and governmental proceedings; the ability to hire and retain senior management and other key personnel; the tax treatment of recent portfolio transactions; significant transaction costs and/or unknown liabilities associated with such transactions; fluctuations in currency exchange rates; labor shortages, work stoppages, union negotiations, labor disputes and other matters associated with the labor force; and the cancellation of or changes to commercial arrangements. A detailed discussion of risks related to Johnson Controls’ business is included in the section entitled “Risk Factors” in Johnson Controls’ Annual Report on Form 10-K for the 2021 fiscal year filed with the SEC on November 15, 2021, which is available at www.sec.gov and www.johnsoncontrols.com under the “Investors” tab. The description of certain of these risks is supplemented in Item 1A of Part II of Johnson Controls’ subsequently filed Quarterly Reports on Form 10-Q. Shareholders, potential investors and others should consider these factors in evaluating the forward-looking statements and should not place undue reliance on such statements. The forward-looking statements included in this communication are made only as of the date of this document, unless otherwise specified, and, except as required by law, Johnson Controls assumes no obligation, and disclaims any obligation, to update such statements to reflect events or circumstances occurring after the date of this communication.
SOURCE: Johnson Controls
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