Visteon Corp. has closed on the sale of the automotive
electronics business of Glendale-based Johnson Controls,
according to a company statement.
The division, which is based in Holland, Mich., sold for $265
million. Johnson Controls provides building management
technology and automotive interiors and batteries.
The two companies announced plans for the acquisition on Jan.
13, according to a statement. The acquisition will enhance
Visteon’s position in the vehicle cockpit electronics segment by
strengthening its global scale, manufacturing and engineering
footprint, product portfolio and customer penetration, the
The transaction involves about 5,000 employees, including
approximately 1,000 engineers, electronics specialists and
designers in Europe, Asia and North America, according to a