Foley & Lardner LLP represented Johnson Controls (NYSE: JCI), the global leader for smart, healthy, and sustainable buildings, in its acquisition of FogHorn, a leading developer of edge AI software for the industrial and commercial Internet of Things (IoT) solutions. Financial terms of the transaction were not disclosed.
The acquisition accelerates Johnson Controls' innovation and vision for smart, autonomous buildings that continuously learn, adapt, and automatically respond to the needs of the environment and people by pervasively integrating Foghorn's industry-leading edge AI platform throughout its OpenBlue solution portfolio. The edge AI platform brings intelligence to the source of data inside the building, enabling secure, real-time machine learning driven solutions that address the pressing challenges of decarbonization, sustainability, energy efficiency, indoor air quality, and smart, secure buildings.
The Foley team was led by Partner Benjamin Rikkers and included Partner Raj Tanden, Senior Counsel Christopher King and Sonia Kothari, Of Counsel Joshua Agen, and Associates David Britton and Caleb Loschen.