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US/France: JCI, Saft agree to end JV

Johnson Controls, Inc and Saft announced on 2 September that they had reached an agreement to end their joint venture, Johnson Controls-Saft, formed in 2006 to develop and manufacture lithium-ion traction batteries. JCI will acquire Saft's share of the company for US$145m in cash. The agreement includes an up-front royalty It’s time to log in … Continued

Johnson Controls, Inc and Saft announced on 2 September that they had reached an agreement to end their joint venture, Johnson Controls-Saft, formed in 2006 to develop and manufacture lithium-ion traction batteries. JCI will acquire Saft's share of the company for US$145m in cash. The agreement includes an up-front royalty

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