Mexican Media Brands
Former JCI Battery Unit Relaunched as Clarios
Brookfield Business Partners LP has completed its $13.2 billion purchase of Johnson Controls International Inc.’s Power Solutions battery unit and renamed it Clarios.
Share
Brookfield Business Partners LP has completed its $13.2 billion purchase of Johnson Controls International Inc.’s Power Solutions battery unit and renamed it Clarios.
The Toronto-based investment firm will operate the business as a separate subsidiary that will continue to be headquartered in Glendale, Wisc. Joe Walicki, a 31-year JCI veteran who led Power Solutions, was named Clarios’ president.
Clarios has $8 billion in annual sales and accounted for an industry-leading one-third of all automotive batteries produced worldwide last year. The company markets lead-acid and lithium-ion batteries under the Delkor, Heliar, LTH, MAC, Optima and Varta brands.
No immediate changes are planned for Clarios’ structure or global facilities. The company currently employs 16,000 people at 56 facilities worldwide.
RELATED CONTENT
-
Mustangs, Camaros and F-150s
If you’re shopping for a Mustang, you’re faced with a variety of choices, not simply in terms of the color or the wheels that you’re going to be applying to your ride, but in terms of which model you’re going to select.
-
GM Is Down with Diesels
General Motors is one company that is clearly embracing the diesel engine.
-
The U.S. Military Finds New Roads: Fuel Cell Powered Pickups
While it seems that fuel efficiency as related to the U.S. federal government is all about light duty vehicles, that’s far from being the case.
