M&A Deal Summary

Gentex Acquires Johnson Controls - HomeLink Business

On July 18, 2013, Gentex acquired automotive company Johnson Controls - HomeLink Business from Johnson Controls for 700M USD

Acquisition Highlights
  • This is Gentex’s 1st transaction in the Automotive sector.
  • This is Gentex’s largest (disclosed) transaction.
  • This is Gentex’s 3rd transaction in the United States.

M&A Deal Summary
Date 2013-07-18
Target Johnson Controls - HomeLink Business
Sector Automotive
Buyer(s) Gentex
Sellers(s) Johnson Controls
Deal Type Divestiture
Deal Value 700M USD

Target

Johnson Controls - HomeLink Business

United States
HomeLink business was considered the marquee product line in the automotive electronics business.

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Buyer(S) 1

Buyer

Gentex

Zeeland, Michigan, United States

website

Category Company
Founded 1974
Sector Automotive
Employees5,303
Revenue 1.9B USD (2022)
DESCRIPTION
Gentex's corporate headquarters in Zeeland, Michigan.
Gentex's corporate headquarters in Zeeland, Michigan.

Gentex is a supplier of automatic-dimming rearview mirrors and camera-based lighting-assist and driver-assist systems to the global automotive industry. The Company also provides commercial smoke alarms and signaling devices to the global fire protection market, as well as dimmable aircraft windows for the commercial, business and general aviation markets. Gentex was founded in 1974 and is based in Zeeland, Michigan.

DEAL STATS #
Overall 3 of 7
Sector (Automotive) 1 of 2
Type (Divestiture) 1 of 1
Country (United States) 3 of 4
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-05 Visionix

Aurora, Illinois, United States

Visionix, based in Aurora, Illinois, designs, develops, and delivers proprietary HMD systems as both a prime and subcontractor for aerospace and defense customers worldwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-07 Helmet Integrated Systems

Stranraer, United Kingdom

HISL is a provider of helmets, communications equipment and respiratory protection for civil, defense, security and industrial personnel.

Buy -

Seller(S) 1

SELLER

Johnson Controls

Cork, Ireland

website

Category Company
Founded 1885
Sector Diversified
Employees102,000
Revenue 25.3B USD (2022)
DESCRIPTION
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.

Johnson Controls is a diversified technology and industrial company. The Company creates 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 seating and interior systems for automobiles. Johnson Controls was founded in 1885 and is based in Cork, Ireland.

DEAL STATS #
Overall 5 of 15
Sector (Automotive) 2 of 2
Type (Divestiture) 4 of 13
Country (United States) 4 of 12
Year (2013) 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-02 Odyne

Hauppauge, United States

Odyne Corp. is a manufacturer of hybrid systems for medium and heavy duty work trucks.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-08 MAC S.A.

Yumbo, Colombia

MAC is a Colombian company engages in production, distribution and sale of lead-acid battery types for both cars and heavy-duty applications over 25 other countries in North, Central and South America, the Caribbean, the Middle East and Africa.

Buy -
Mergr

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