Visteon to Acquire Automotive Electronics Business of Johnson Controls for $265 Million in Cash
In a move that will create one of the world’s three largest suppliers of vehicle cockpit electronics, Visteon Corporation (NYSE:VC) has agreed to purchase the automotive electronics business of Johnson Controls (NYSE:JCI) in a cash transaction valued at $265 million. According the company, the acquisition will “enhance Visteon’s competitive position in the fast-growing vehicle cockpit […]
