US: JCI completes Johnson Controls-Saft JV acquisition

Johnson Controls, and its French former Li-ion battery JV partner Saft have completed their agreement to terminate their joint venture, Johnson Controls-Saft, which was formed in 2006 to develop and manufacture vehicle batteries. Johnson Controls has acquired Saft's share of the company for US$145m in cash. Johnson Controls will also receive Subscribe to Automotive World to … Continued

• By Webmaster
• October 3, 2011