Grupo Imsa, S.A. de C.V.Grupo Imsa, S.A. de C.V. and Johnson Controls Johnson Controls, Inc. (NYSE: JCI) is a United States company, based in Milwaukee, Wisconsin, specializing in the design, manufacturing, and installation of automotive systems, automotive batteries (Optima[1] based in Denver, Colorado) and climate control systems. Inc. closed on an agreement whereby Grupo Imsa exits the automotive battery business and Johnson Controls, its JV partner since 1998, assumes 100% ownership. This transaction was announced on July 19, and was finalized See finalization. in mid-August on the agreed terms after receiving the approval of the regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities . The primary use of the proceeds obtained from this transaction will be used to pay debt. Grupo Imsa, a holding company, dates back to 1936 and is one of Mexico's leading industrial companies, operating in three businesses: steel processed products; steel and plastic construction products; and aluminum and other related products. Johnson Controls is a global market leader in automotive systems See ITS, embedded system, drive-by-wire, adaptive cruise control, collision avoidance system, autonomous vehicle, heads-up display, DSRC, lane departure system, CAN bus, FlexRay and SYNC. and facility management and control. |
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