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Johnson Controls to sell battery business

Nov 14, 2018 - Milwaukee Journal Sentinel (Wisconsin)

Johnson Controls International plc has agreed to sell its automotive battery business to a Canadian private equity firm and institutional investors, including an entity that manages public pension plans in Quebec, for $13.2 billion.

The sale, expected to close by June 30, would complete Johnson Controls' exit from the automotive business and comes two years after the merger of Johnson Controls and Tyco International International plc.

Johnson Controls is the world's largest manufactu...