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Prepared for Competition Thanks to More Sustainable Technologies
BURSCHEID, Germany, March 19, 2010--
- Johnson Controls Plans to Acquire a Business Division of Benecke-Kaliko
Johnson Controls, a leading global supplier of automotive interior
systems and electronics, today announced plans to acquire Benoac Fertigteile
GmbH in Peine, Germany. Benoac Fertigteile GmbH is a joint venture between
Johnson Controls, Benecke-Kaliko AG and Inoac Corporation. Johnson Controls
who previously had a 4.8% holding intends to acquire the 84.8% owned by
Benecke-Kaliko AG, including approximately 60 employees located in Peine.
Benoac Fertigteile GmbH, established in 1986, manufactures surface
materials for automotive instrument panels, referred to as slush skins. Their
customers include suppliers to the automotive industry. Benoac has been
supplying Johnson Controls with slush skins for automotive interiors since
1990.
Johnson Controls is focused on profitable growth through the vertical
integration of slush skins used in the manufacture of instrument panels.
"We are looking forward to the addition of the new team members who will
support us to further expand our technological competence and strong market
position in this product segment", said Han Hendriks, Vice President Global
Product Centers Cockpit Systems for Johnson Controls. Johnson Controls has
extensive material know-how, sustainable technologies and a competitive cost
structure, and offers the Benoac workforce great development potential and
future prospects, particularly with respect to accessing new customers and
additional markets. "This acquisition will complement our current interiors
product portfolio, and will further secure our long-term competitiveness"
said Han Hendriks. As a result, the company will be able to offer slush skin
technology to their customers on a global basis in the future.
On completion of the acquisition, Benoac Fertigteile GmbH will operate
from its current location under the name Johnson Controls Peine GmbH. As part
of the transaction, Johnson Controls also will take over the existing
customers and suppliers of Benoac. The planned acquisition is subject to the
approval of the German Federal Cartel Office.
Johnson Controls (NYSE: JCI) is the global leader that brings ingenuity
to the places where people live, work and travel. By integrating
technologies, products and services, we create smart environments that
redefine the relationships between people and their surroundings. Our team of
130,000 employees creates a more comfortable, safe and sustainable world
through our products and services for more than 200 million vehicles, 12
million homes and one million commercial buildings. Our commitment to
sustainability drives our environmental stewardship, good corporate
citizenship in our workplaces and communities, and the products and services
we provide to customers. For additional information, please visit
http://www.johnsoncontrols.com.
Further information is available from:
Johnson Controls GmbH
Automotive Experience
European Headquarters
Industriestrasse 20-30
51399 Burscheid
Germany
Astrid Schafmeister
Tel.: +49-2174-65-3189
Fax: +49-2174-65-3219
E-mail: astrid.schafmeister@jci.com
Source: Johnson Controls GmbH
Further information is available from: Johnson Controls GmbH, Automotive Experience, European Headquarters, Industriestrasse 20-30, 51399 Burscheid, Germany. Astrid Schafmeister, Tel.: +49-2174-65-3189, Fax: +49-2174-65-3219, E-mail: astrid.schafmeister@jci.com
Prepared for Competition Thanks to More Sustainable Technologies
BURSCHEID, Germany, March 19, 2010--
- Johnson Controls Plans to Acquire a Business Division of Benecke-Kaliko
Johnson Controls, a leading global supplier of automotive interior
systems and electronics, today announced plans to acquire Benoac Fertigteile
GmbH in Peine, Germany. Benoac Fertigteile GmbH is a joint venture between
Johnson Controls, Benecke-Kaliko AG and Inoac Corporation. Johnson Controls
who previously had a 4.8% holding intends to acquire the 84.8% owned by
Benecke-Kaliko AG, including approximately 60 employees located in Peine.
Benoac Fertigteile GmbH, established in 1986, manufactures surface
materials for automotive instrument panels, referred to as slush skins. Their
customers include suppliers to the automotive industry. Benoac has been
supplying Johnson Controls with slush skins for automotive interiors since
1990.
Johnson Controls is focused on profitable growth through the vertical
integration of slush skins used in the manufacture of instrument panels.
"We are looking forward to the addition of the new team members who will
support us to further expand our technological competence and strong market
position in this product segment", said Han Hendriks, Vice President Global
Product Centers Cockpit Systems for Johnson Controls. Johnson Controls has
extensive material know-how, sustainable technologies and a competitive cost
structure, and offers the Benoac workforce great development potential and
future prospects, particularly with respect to accessing new customers and
additional markets. "This acquisition will complement our current interiors
product portfolio, and will further secure our long-term competitiveness"
said Han Hendriks. As a result, the company will be able to offer slush skin
technology to their customers on a global basis in the future.
On completion of the acquisition, Benoac Fertigteile GmbH will operate
from its current location under the name Johnson Controls Peine GmbH. As part
of the transaction, Johnson Controls also will take over the existing
customers and suppliers of Benoac. The planned acquisition is subject to the
approval of the German Federal Cartel Office.
Johnson Controls (NYSE: JCI) is the global leader that brings ingenuity
to the places where people live, work and travel. By integrating
technologies, products and services, we create smart environments that
redefine the relationships between people and their surroundings. Our team of
130,000 employees creates a more comfortable, safe and sustainable world
through our products and services for more than 200 million vehicles, 12
million homes and one million commercial buildings. Our commitment to
sustainability drives our environmental stewardship, good corporate
citizenship in our workplaces and communities, and the products and services
we provide to customers. For additional information, please visit
http://www.johnsoncontrols.com.
Further information is available from:
Johnson Controls GmbH
Automotive Experience
European Headquarters
Industriestrasse 20-30
51399 Burscheid
Germany
Astrid Schafmeister
Tel.: +49-2174-65-3189
Fax: +49-2174-65-3219
E-mail: astrid.schafmeister@jci.com
Source: Johnson Controls GmbH
Further information is available from: Johnson Controls GmbH, Automotive Experience, European Headquarters, Industriestrasse 20-30, 51399 Burscheid, Germany. Astrid Schafmeister, Tel.: +49-2174-65-3189, Fax: +49-2174-65-3219, E-mail: astrid.schafmeister@jci.com