Mergers and Acquisitions

Johnson Controls to acquire South Korean battery maker

Johnson Controls Inc. has signed an agreement to acquire 90 percent of its existing joint venture with Delkor Corp., a leading automotive battery manufacturer based in Seoul, South Korea.

- Advertisement -

The remaining 10 percent will be acquired by the local management team, with all transactions completed no later than Aug. 15.

- Advertisement -

"Delkor is a strong and well-respected brand in Asia," said Alex Molinaroli, president of Power Solutions for Johnson Controls. "The acquisition further represents our commitment to local manufacturing presence and growth in Asia, complementing our recent announcements regarding our planned investments in China."

 

Sign up for the BizTimes email newsletter

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

What's New

BizPeople

Sponsored Content

Stay up-to-date with our free email newsletter

Keep up with the issues, companies and people that matter most to business in the Milwaukee metro area.

By subscribing you agree to our privacy policy.

No, thank you.
BizTimes Milwaukee