JCI board approves seating and interiors spin-off

Johnson Controls has approved the previously announced spin-off of its global automotive seating and interiors business.

The transaction will result in two independent, publicly traded companies: Johnson Controls International and Adient. The spin-off is expected to be completed on 31 October.

At the time of the separation, Adient will be the world’s largest global automotive seating supplier, supporting all major automakers.

Johnson Controls will continue to operate in building products and technology, integrated solutions and energy storage.

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Posted by Geoff Fisher on 4 October 2016

 

 

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