Johnson Controls still pursuing Visteon acquisition

Johnson Controls, Inc. has confirmed that it sent a letter to Visteon that it remains interested in pursuing its proposal.

Note: Visteon recently rejected Johson Control’s acqusition offer.

In a press release Johnson Controls said, “Our 130,000 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.”

Source: Johnson Controls.

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