Johnson Controls, a global supplier in automotive seat systems and components, has acquired full ownership of Tata Johnson Controls (TJC). The final transfer of the 50 % share took place after completion of all formalities. Both parties agreed not to disclose the purchase price.
“India is an emerging market and part of Johnson Controls’ global strategy for sustainable growth,”said Paul Chawla, president and chief executive officer, Johnson Controls Automotive Experience India.
“We are strongly committed to continue to invest in our Indian business. We enjoyed our partnership with Tata AutoComp, and thank them for their support in making TJC a leading seating systems company in India. We are looking forward to building on the successes of the partnership,” said Chawla.
Johnson Controls will leverage its automotive seating, electronics and interiors businesses for its India operations. India plays an important role within the company’s global engineering network and will continue to develop its engineering expertise at the new technical center in Pimpri. In addition Johnson Controls plans to expand its prototype and testing capability for the India region, a statement said.
Eleven locations across India, including an engineering center in Pune, and approximately 2,100 employees are associated with this transaction. Johnson Controls has operated in India since 1995.