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Industry: Email Alert RSS FeedJohnson Controls acquires Varta Automotive Battery - Supply & Demand: Europe - Brief Article
Automotive Industries, Oct, 2002
Johnson Controls expects to acquire Varta's Automotive Battery Division, a major European automotive battery manufacturer. Johnson Controls will pay $312.5 million for Varta's automotive battery business. The transaction is targeted to close by the end of the calendar year, and is contingent upon receiving customary regulatory approvals.
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Johnson Controls said it expects to have annualized battery sales of about $1.8 billion with a market leadership position in Europe as well the as Americas.
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COPYRIGHT 2002 Gale Group
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Most Popular Articles in Autos
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