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Johnson Controls to Acquire Varta Automotive Battery Business.

Publication: Autoparts Report
Publication Date: 16-AUG-02
Format: Online - approximately 320 words
Delivery: Immediate Online Access
Full Article Title: Johnson Controls to Acquire Varta Automotive Battery Business.(Varta AG, Varta Batterie AG)(Brief Article)

Article Excerpt
Johnson Controls, Inc., and Varta AG said they signed an agreement whereby Johnson Controls expects to acquire Varta's Automotive Battery Division, a major European automotive battery manufacturer. Johnson Controls will pay Euro 312.5 million ($ 305.8 million) for Varta's automotive battery business.

The completion of the acquisition is contingent...

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