Johnson Controls Denies Intention to Sell Its Automotive Interiors Business
Segment; Company Explores Sale of Automotive Electronics Business Segment
MILWAUKEE, March 6, 2013
MILWAUKEE, March 6, 2013 /PRNewswire/ -- Johnson Controls issued the
Contrary to a wire service story released earlier today, Johnson Controls has
not retained JPMorgan to sell its automotive interiors business segment and
said it has no current intention to divest this segment.
Johnson Controls said it had retained JPMorgan to explore the potential
divestiture of its automotive electronics business segment. The company is in
the preliminary stages of this process.
No other details are available at this time.
About Johnson Controls
Johnson Controls is a global diversified technology and industrial leader
serving customers inmore than150 countries. Our 170,000 employees create
quality products, services and solutions to optimize energy and operational
efficiencies of buildings; lead-acid automotive batteries and advanced
batteries for hybrid and electric vehicles; and interior systems for
automobiles. Our commitment to sustainability dates back to our roots in 1885,
with the invention of the first electric room thermostat. Through our growth
strategies and by increasing market share we are committed to delivering value
to shareholders and making our customers successful. In 2012, Corporate
Responsibility Magazine recognized Johnson Controls as the #5 company in its
annual "100 Best Corporate Citizens" list. For additional information, please
SOURCE Johnson Controls, Inc.
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