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Article: Johnson Controls to Acquire Automotive Electronics Supplier Borg Instruments AG.
- Article from:
- PR Newswire
- Article date:
- June 4, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Johnson Controls, Inc. (JCI), a global leader in automotive systems and facility management and control, today announced that it plans to acquire Borg Instruments AG, an automotive electronics company.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030423/JCILOGO )
Borg Instruments, a privately-held company with headquarters in Remchingen, Germany, had 2002 sales of Euro 55 million associated with driver information systems and products.
John M. Barth, Johnson Controls president and chief executive officer, said, "This acquisition is consistent with our strategy to offer our automotive customers world-class technology that will increase the ...