Johnson Controls is working with advisers to gauge buyer appetite for its Access Control and Intrusion Detection units, with a combined price tag potentially reaching $4.5 billion, according to a Bloomberg report. The company is exploring selling the units separately or together, though deliberations remain at an early stage and retaining one or both is still on the table. Coming just a year after Johnson Controls completed the $6.9 billion sale of its Residential and Light Commercial HVAC (Heating, Ventilation and Air Conditioning) business to Bosch, the move is less a surprise than a confirmation. Barclays analysts framed the news as “very consistent” with a long-anticipated shift. The bank’s prior internal estimate sat just under $3 billion for the assets in question, meaning the $4.5 billion headline raises valid questions about exactly what sits inside the sale perimeter. A Narrower, HVAC & Data Center Centric Johnson Controls For years, Johnson Controls layered security bolt-ons onto […]