Johnson Controls to acquire Keiper

  • 06-Jan-2011 03:30 EST

Johnson Controls has signed an agreement to acquire Keiper, whose products include mechanisms to adjust the length and height of a vehicle's seats.

Johnson Controls has signed a purchase agreement to acquire Keiper and the automotive sport and specialty seat business of Recaro. Keiper's headquarters and engineering center are located in Kaiserslautern, Germany. The acquisition will include about 4750 employees globally in seven countries. Excluded from the transaction are Keiper's operations, business, and entity in Brazil. Keiper's expertise includes the complete engineering process and technologies used to produce metal seat components, structures, and mechanisms. The product range encompasses mechanisms that adjust the seat's length and height, recliners that adjust the backrest position of vehicle seats, and rear seat latches. Johnson Controls expects the acquisition to strengthen its competitive position in key seating components with expanded opportunities to develop new differentiating products and technologies. Completion of the acquisition, subject to the antitrust approval, is expected during the first half of 2011.

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