New Products for May | Contracting Business
CORK, Ireland – Johnson Controls International plc announced on May 12 that it was acquiring Silent-Aire.
Silent-Aire, headquartered in Edmonton, Alberta, specializes in the design, engineering and manufacturing of mission-critical custom air handlers and modular data centers for hyperscale cloud and colocation providers. Silent-Aire’s portfolio of data center solutions enables rapid deployment of critical infrastructure in flexible configurations, with an emphasis on quality, scalability and time to market.
“We are delighted to formally welcome the Silent-Aire family to Johnson Controls, and we are eager to drive further innovation and increase customer value,” said George Oliver, Chairman and CEO. “This strategic combination broadens our portfolio of sustainable and reliable data center solutions while fostering an established entrepreneurial spirit and customer-centric culture that will drive growth in this end market worldwide.”
Johnson ControlsSilent-Aire’s main products include:
- direct evaporative refrigeration units (DECs)
- computer room air handlers (CRAHUs)
- modular data centers (MDCs)
- modular equipment rooms (EIAs).
Silent-Aire estimates fiscal year 2021 sales at approximately $ 650 million.
Johnson Controls reports that the total market for addressable data center cooling solutions is $ 6 to $ 7 billion. The modular data center market stands at approximately $ 3 billion. Leading “hyperscalers” are Microsoft, Google, Amazon, Facebook and Apple.
Silent-Aire will be reported within the Global Products segment. Sales for the fiscal year 2021 (May) are expected to be approximately $ 650 million. The transaction is expected to contribute slightly to Johnson Controls’ adjusted earnings per share from continuing operations in fiscal 2021 and $ 0.07 to $ 0.09 in fiscal 2022.
A slide show with additional details related to the transaction was made available at the time the agreement to acquire Silent-Aire was announced and can be found in the “Events and Presentations” section of the company’s website: https://investors.johnsoncontrols.com/~/media/Files/J/Johnson-Controls-IR/reports-and-presentations/2021/investor-update-silent-aire-acquisition.pdf