Johnson Controls to Acquire KEIPER and the Automotive Seat Business of RECAROBy Johnson Controls Automotive Experience, PRNE
Wednesday, December 29, 2010
Johnson Controls Automotive Experience Enhances Metal Components Business
BURSCHEID, Germany, December 30, 2010 - Johnson Controls, a leading global supplier of automotive interior
systems and electronics, announced today that it has signed a purchase
agreement to acquire KEIPER and the automotive sport and specialty seat
business of RECARO. KEIPER is a leader in recliner system technology and is
renowned for its engineering and manufacturing expertise in metal components
and mechanisms. KEIPER's headquarters and engineering center are located in
Kaiserslautern, Germany. The acquisition will include approximately 4,750
employees globally in seven countries. Excluded from the transaction are
Keiper's operations, business and entity in Brazil.
"This acquisition further strengthens our metal components and mechanisms
business through the addition of the KEIPER and RECARO brands which are
synonymous with quality, technical expertise and innovation," said Beda
Bolzenius, Vice President, Johnson Controls and President, Automotive
Experience. "It provides leading technologies that we can leverage across our
current seat component portfolio, and expand in China and North America."
KEIPER's expertise includes the complete engineering process and
technologies used to produce metal seat components, structures and
mechanisms. The product range encompasses mechanisms which adjust the seat's
length and height, recliners that adjust the backrest position of vehicle
seats, and rear seat latches.
This acquisition also includes the RECARO automotive sport and specialty
seat portfolio. Automakers are sourcing complete seating systems as well as
single metals and mechanism components of auto seats for the realization of
platform strategies. With the acquisition of KEIPER and the automotive
seating division of RECARO, Johnson Controls will become an important player
in these key components with expanded opportunities to develop
differentiating new products and technologies. Johnson Controls said that it
believes that increasing vertical integration and enhancing its seating
components technologies is a key to the future growth of its auto seating
KEIPER will be integrated into the Johnson Controls metal and mechanisms
product business unit, which is part of the seating components product group
within the Automotive Experience business. The RECARO seating products will
become part of a new product business unit within the seating components
product group. Both will be led by Johannes Roters, Group Vice President and
General Manager, Seating Components.
Martin Putsch, owner and CEO of the Keiper RECARO Group explained: "We
are pleased that our team will become be part of such a successful
organization. Being part of Johnson Controls will provide a unique
opportunity for our company to best meet the future challenges of our
industry, such as fast-growing globalization and platform standardization."
Completion of the acquisition, which is subject to the anti-trust
approval, is expected during the first half of calendar year 2011. Financial
details regarding the transaction were not disclosed.
About Johnson Controls Automotive Experience:
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 more
than 200 plants 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.
Further information is available from: Johnson Controls GmbH Automotive Experience Industriestrasse 20-30 51399 Burscheid, Germany Astrid Schafmeister Tel.: +49-2174-65-3189 Cell Phone: +49-162-1085444 E-mail: firstname.lastname@example.org
Further information is available from: Johnson Controls GmbH, Automotive Experience, Industriestrasse 20-30, 51399 Burscheid, Germany; Astrid Schafmeister, Tel.: +49-2174-65-3189, Cell Phone: +49-162-1085444, E-mail: astrid.schafmeister at jci.com
Tags: Burscheid, December 30, Germany, Johnson Controls Automotive Experience