Johnson Controls completes acquisition of Alloy Enterprises

Johnson Controls (JCI) completed the acquisition of Alloy Enterprises, a Boston-based company specializing in a next-generation thermal management platform for high-performance data centers and other mission critical industrial applications. The acquisition strengthens Johnson Controls’ data center cooling portfolio and advances its end-to-end thermal management capabilities, while expanding its community of technology innovators shaping the future of thermal performance. The integration of Alloy’s technology and proprietary manufacturing process is expected to deliver greater customer benefits in terms of enhanced efficiency and improved heat transfer across a broad range of cooling applications. These capabilities complement Johnson Controls’ existing range of data center cooling technologies. The transaction was previously announced on Feb. 18, 2026, and has now closed. Financial terms were not disclosed.