The hottest Johnson Controls and crobhammerstein

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Johnson Controls and C. rob Hammerstein group (CRH) signs acquisition agreement Shanghai, China (December 2, 2010) recently, as a global leader in automotive seat systems, interior parts and electronic products, Johnson Controls signed an acquisition agreement to acquire C. rob Hammerstein group (CRH). CRH is a leading global supplier in the metal seat frame and mechanism parts industry, and is famous for its high-level quality. The company's headquarters and main R & D institutions are located in Solingen, Germany

the acquisition of CRH will greatly enhance Johnson Controls' strength in the supply of seat products, because our strong position in the market will be further enhanced through the optimization of global manufacturing capacity, innovation activities and product portfolio. Dr. BeDa bolzenius, vice president of Johnson Controls group and President of professional automotive interior business, said: we will keep the CRH brand because it has become a synonym for high-quality metal skeleton and parts

this acquisition creates new opportunities for Johnson Controls to achieve global business growth and vertical integration in the high-end vehicle field. In this segment, CRH has been highly recognized by the industry for its good performance

crh's expertise covers the entire product development process. It has strong professional capabilities in the integration of the whole chair system, as well as the design, engineering development and production of individual seat components. Especially in front seat frame, seat slide, height adjuster, multi-directional adjuster, automatic transmission and other special applications (such as steering column adjuster)

this transaction will also help Johnson Controls provide its customers with new technology and product solutions that are different from other competitors

by integrating CRH's advanced technical capabilities (such as high-precision gearbox) with Johnson Controls' expertise in body electronic control systems, we will be able to provide new solutions in the full range of automotive Mechatronics applications. Dr BeDa bozenis added

crh's sustainable products and technologies include ultra-thin seat frames used to provide lightweight solutions. We will combine it with Johnson Controls' expertise in business operation to provide customers with advanced and lightweight auto parts in the future

roberthouston, chief executive officer of CRH, said: this acquisition will bring CRH into a new historic stage. We have carefully analyzed the acquisition proposal of Johnson Controls, and finally believe that this is an irreplaceable opportunity for CRH group, which will help us realize the rapid development of globalization and platform standardization, and deal with the challenges faced by the industry in the future in the best way. Both of us will work together to build a global leader in the seat metal parts business, which will become an important milestone in the development of CRH, and fully reflect the desire of the family owning the company in 2018 due to the continued tightening of environmental protection and the limited supply of raw materials in the paper industry

crh business will be integrated into the seat frame and mechanism parts business unit of Johnson Controls, which is an important part of the newly established seat parts group of Johnson Controls' professional automotive interior business. The seat frame and mechanism parts business unit and the entire seat parts group are led by Johannes roters, vice president of the group and general manager of the seat parts group. The group also includes the cover fabric business unit and the foaming business unit

at present, CRH has nearly 3600 employees in 9 countries. The combined production base will boost business growth in various regions, especially in China, Mexico, Turkey, Hungary and Romania

the acquisition is awaiting the approval of relevant management departments and is expected to be completed before the end of January 2011. The relevant financial details have not been disclosed

about Johnson Controls:

Johnson Controls is a global leader in a variety of technologies and industries, serving customers in more than 150 countries or regions with stable performance and solid service. 130000 employees of the company provide high-quality products, services and solutions to optimize energy and building operation efficiency; Provide lead-acid batteries and advanced batteries for hybrid electric vehicles and electric vehicles; And provide automotive interior system. Johnson Controls' commitment to sustainable development can be traced back to the first indoor electric thermostat invented at the beginning of the company's establishment in 1885. With the help of the company's development strategy and growing market share, Johnson Controls promises to add value to shareholders and boost customer success

Johnson Controls' professional automotive interior business is a leading global supplier of automotive seats, roof trim systems, door panels, instrument panels, and automotive interior electronics. Through its products, technology and advanced manufacturing capabilities, the company provides vehicle differentiation support for all large automobile manufacturers. Johnson Controls has more than 200 factories in the world. Wherever there is a customer need, Johnson Controls will be there. Johnson Controls' products are far lower than the previous upper limit of 2.5% and have been used in more than 200million vehicles, from single components to complete interiors, bringing unlimited comfort and fashion to its customers

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