Johnson Controls to Discontinue Efforts to Acquire Fiamm's Automotive Battery Business
Share:
HANOVER, Germany and MILWAUKEE, April 30: Johnson Controls, Inc. (NYSE:JCI) today announced that it has discontinued its efforts to acquire Fiamm's automotive battery business as the two firms were unable to reach an agreement on commercial terms.
Johnson Controls is a global leader in interior experience, building efficiency and power solutions. The company provides innovative automotive interiors that help make driving more comfortable, safe and enjoyable. For buildings, it offers products and services that optimize energy use and improve comfort and security. Johnson Controls also provides batteries for automobiles and hybrid-electric vehicles, along with systems engineering and service expertise. Johnson Controls (NYSE:JCI) has 136,000 employees in more than 1,000 locations serving customers in 125 countries. Founded in 1885, the company is headquartered in Milwaukee, Wisconsin. For additional information, please visit www.johnsoncontrols.com/.
Source: Johnson Controls
CONTACT: Walther Wever, Media Inquiries EU, + 49-511-975-1100, Monica Levy, Media Inquiries, USA, +1-414-524-2695, Johnson Controls
Web site: http://www.johnsoncontrols.com/
Company News On-Call: http://prnewswire.com/comp/473547.html
