M&A Deal Summary

Visteon Acquires Johnson Controls - Electronics Business

On January 14, 2014, Visteon acquired electronics company Johnson Controls - Electronics Business for 265M USD

Acquisition Highlights
  • This is Visteon’s 1st transaction in the Electronics sector.
  • This is Visteon’s largest (disclosed) transaction.
  • This is Visteon’s 1st transaction in the United States.

M&A Deal Summary

Date 2014-01-14
Target Johnson Controls - Electronics Business
Sector Electronics
Buyer(s) Visteon
Deal Type Divestiture
Deal Value 265M USD

Target

Johnson Controls - Electronics Business

United States
Johnson Controls’ electronics business employs 4,800 people at seven r&d centers in Europe, North America and Asia.

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Buyer(S) 1

Buyer

Visteon

Van Buren Township, Michigan, United States

Category Company
Founded 2000
Sector Automotive
Employees10,000
Revenue 4.0B USD (2023)
DESCRIPTION
Entrance to Visteon's campus in Van Buren Township, Michigan.
Entrance to Visteon's campus in Van Buren Township, Michigan.

Visteon is a global supplier of climate, electronics and interiors systems, modules and components to automotive original equipment manufacturers. The Company has an international network of manufacturing operations, technical centers and joint venture operations. Visteon was founded in 2000 and is based in Van Buren Township, Michigan.


DEAL STATS #
Overall 1 of 2
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-12 Varroc Lighting Systems

Apodaca, Mexico

Varroc Lighting Systems is a manufacturer of automotive lighting systems. Varroc Lighting Systems includes manufacturing operations in Apodaca, Mexico, Novy Jicin and Rychvald, Czech Republic, and in Pune, India.

Sell $72M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-17 Hanon Systems

Daedeok-gu, South Korea

Hanon Systems is a full-line automotive supplier of climate systems and components. Products include heating ventilation and air conditioning; compressors; powertrain cooling; fluid transport; and electric, hybrid and fuel cell vehicle thermal systems. Hanon Systems was founded in 1986 and is based in Daedeok-gu, South Korea.

Sell $3.6B