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Johnson Controls Inc Assumes Complete Ownership Of Tata Johnson Controls (TJC) Joint Venture In India

Tuesday, 28 May 2013 05:01am EDT 

Johnson Controls Inc announced that it has acquired full (100%) ownership of Tata Johnson Controls (TJC). The former 50%-50%joint venture between Tata Automotive Components (TACO) and Johnson Controls is a supplier of automotive seat systems and components in India, serving OEMs on the market. The final transfer of the 50% share held by TACO has taken place after completion of all formalities. Both parties agreed not to disclose the purchase price. Johnson Controls will leverage its automotive seating, electronics and interiors businesses for its India operations. Terms of the transaction were not disclosed. 

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-0.92 -1.94%
27 Jan 2015