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Gentex Corp Signs Agreement To Acquire HomeLink


Thursday, 18 Jul 2013 07:10am EDT 

Gentex Corporation announced that the signing of a definitive agreement to acquire Johnson Controls' HomeLink business. Under the terms of the agreement, Gentex will acquire all of Johnson Controls' HomeLink assets, intellectual property, testing facilities, and the talented employees who manage and support the business, for a purchase price of $700 million. The transaction is subject to customary closing conditions, including certain regulatory approval, and is targeted to close on or about September 30, 2013. 

Company Quote

32.33
-0.17 -0.52%
30 Oct 2014