M&A Deal Summary

Johnson Controls and Saft Groupe S.A. Acquire Johnson Controls-Saft Advanced Power Solutions

On January 1, 2006, Johnson Controls and Saft Groupe S.A. acquired electrical equipment company Johnson Controls-Saft Advanced Power Solutions

Acquisition Highlights
  • This is Johnson Controls’ 1st and Saft Groupe S.A.’s 1st transaction in the Electrical Equipment sector.
  • This is Johnson Controls’ 4th and Saft Groupe S.A.’s 1st transaction in the United States.
  • This is Johnson Controls’ 1st and Saft Groupe S.A.’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2006-01-01
Target Johnson Controls-Saft Advanced Power Solutions
Sector Electrical Equipment
Buyer(s) Johnson Controls
Saft Groupe S.A.
Deal Type Joint Venture

Target

Johnson Controls-Saft Advanced Power Solutions

Milwaukee,, Wisconsin, United States
Johnson Controls-Saft Advanced Power Solutions LLC manufactures and distributes lithium-ion batteries for hybrid-electric vehicles (HEVs), plug-in hybrid-electric vehicles (PHEVs) and electric vehicles (EVs).

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Buyer(S) 2

Buyer

Johnson Controls

Cork, Ireland
Category Company
Founded 1885
Sector Diversified
Employees102,000
Revenue 26.8B USD (2023)
DESCRIPTION
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.

Johnson Controls is a diversified technology and industrial company that 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 6 of 32
Sector (Electrical Equipment) 1 of 2
Type (Joint Venture) 1 of 1
State (Wisconsin) 1 of 3
Country (United States) 4 of 20
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-03 York International

Norman, Oklahoma, United States

York International is a designer, manufacturer, and marketer of air conditioning, heating, ventilating, and refrigeration products for residential, commercial, and industrial applications.

Buy $3.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-05 Bristol Compressors International

Bristol, Virginia, United States

Bristol Compressors International, Inc. is a manufacturer and designer of compression technology used in residential and commercial air conditioning and heat pump applications.

Sell -
Buyer

Saft Groupe S.A.

Bagnolet, France
Category Company
Founded 1918
Sector Electrical Equipment
Employees4,100
Revenue 759M EUR (2015)
DESCRIPTION

Saft Groupe S.A. is a designer and manufacturer of advanced technology batteries for industry. The Group is the world’s major manufacturer of nickel batteries and primary lithium batteries for the industrial infrastructure and processes, transportation and civil and military electronics markets. Saft is the world leader in space and defense batteries with its Li-ion technologies which are also deployed in the energy storage, transportation and telecommunication network markets. More than 4,100 employees in 19 countries, 14 manufacturing sites and an extensive sales network all contribute to accelerating the Group’s growth for the future.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Joint Venture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Mergr

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