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JCI Ponders Future of Its Battery Business
Johnson Controls International plc says it is conducting a strategic review of its $7.3 billion-per-year battery business that could lead to a sale or spinoff.
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Johnson Controls International plc says it is conducting a strategic review of its $7.3 billion-per-year battery business that could lead to a sale or spinoff.
JCI’s Power Solutions unit makes 12-volt lead-acid starter batteries and advanced batteries for hybrid and all-electric vehicles.
The company has been slowly shedding its automotive-related operations since it sold its HomeLink remote door-opener business to Gentex in 2013. The company spun off its automotive interiors business in 2016.
JCI has been focusing on its less cyclical heating/cooling, building management and fire and security systems businesses since it merged with Tyco International plc in 2016 and relocated its headquarters to Cork, Ireland.
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