Johnson Controls to add to auto battery business

Newswire

CHICAGO, Oct 26 (Reuters) - Johnson Controls Inc. on Thursday said it plans to acquire auto battery business from privately held Italy-based Fiamm to expand its replacement car battery business in Europe. Terms were not disclosed. The deal is expected to close by the end of 2006 subject to completion of a definitive agreement and European Union antitrust approval, Johnson Controls said. The Fiamm battery business to be acquired has annual revenue of about 190 million euro ($240.5 ...

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