Johnson Controls Receives Approval From Anti-Trust Authorities to Acquire Keiper and Recaro Automotive

By Johnson Controls Automotive Experience, PRNE
Sunday, June 19, 2011

BURSCHEID, Germany, June 20, 2011 -


- Acquisition Further Enhances Johnson Controls Metal
Components Product Portfolio

Johnson Controls, a global leader in automotive seating,
interiors and electronics, completed the previously announced
acquisition of Keiper and Recaro Automotive. The European
Commission in
Brussels, Belgium
approved the acquisition on 17 June 2011.

Keiper is a leader in recliner system technology and is renowned
for its engineering and manufacturing expertise in metals and
mechanisms for automobile seats. The company also produces complete
seats for commercial trucks. Recaro Automotive offers complete
seats for automakers and as aftermarket equipment. As part of the
transaction, Johnson Controls also acquires the licensing rights
for the exclusive global use of the Recaro trademark for the
automotive industry. The acquisition includes 4,750 employees at 13
locations globally.

“The acquisition of Keiper and Recaro Automotive provides
Johnson Controls with a comprehensive product range in seating
components,” said Beda Bolzenius, vice president, Johnson Controls
and president, Automotive Experience. “This further complements the
acquisition of C. Rob. Hammerstein earlier this year and our
existing metals business.”

Through the integration of Keiper, Recaro Automotive and C. Rob
, the company is able to offer the automakers a complete
product range of metal components and mechanisms across all vehicle
segments. This positions Johnson Controls as a global leader in
seating components.

Recaro Aircraft Seating, Recaro Child Safety and Recaro Home are
not part of this acquisition and will remain as part of Putsch
Holding in Kaiserslautern, Germany. Also excluded are Keiper’s
operations, business and entity in Brazil. Financial details
regarding the transaction were not disclosed.

Johnson Controls is a global diversified technology and industrial
leader serving customers in more than 150 countries. Our 142,000
employees create quality products, services and solutions to
optimize energy and operational efficiencies of buildings;
lead-acid automotive batteries and advanced batteries for hybrid
and electric vehicles; and interior systems for automobiles. Our
commitment to sustainability dates back to our roots in 1885, with
the invention of the first electric room thermostat. Through our
growth strategies and by increasing market share we are committed
to delivering value to shareholders and making our customers
successful.  In 2011, Corporate Responsibility Magazine
recognized Johnson Controls as the #1 company in its annual “100
Best Corporate Citizens” list. For additional information, please
visit href="">

Johnson Controls is a global leader in automotive seating,
overhead systems, door and instrument panels, and interior
electronics. We support all major automakers in the differentiation
of their vehicles through our products, technologies and advanced
manufacturing capabilities. With 200 locations worldwide, we are
where our customers need us to be. Consumers have enjoyed the
comfort and style of our products, from single components to
complete interiors. With our global capability we supply more than
30 million cars per year.

For more information please contact:

Johnson Controls GmbH    
Automotive Experience    
Industriestraße 20-30
51399 Burscheid

Ulrich Andree
Tel.: +49-2174-65-4343
Fax: +49-2174-65-3219
E-Mail: href="">


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