Financing comes in connection with private investment firm Ardian's recent acquisition of a majority stake in the supplier of design-assist engineering and manufacturers' representation services.
Used in general ventilation and air-conditioning systems, air-control devices include louvers, dampers, gravity ventilators, round spiral duct, and transverse duct connections.
Building projects seem poised to continue growing despite higher interest rates and higher costs, but signs of growing unease appear in one industry survey.
Executives said the move will increase Johnson Controls' growth in net zero building technologies globally, while strengthening long-term relationships with existing customers and creating new opportunities to meet demand in the fast-growing smart building segment.
The program is designed to support students from historically underrepresented demographics studying architecture, interior design, planning, landscape architecture or engineering.