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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.
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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.
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