Johnson Controls Power Solutions has been rebranded as ‘Clarios’. The new name for the battery arm formerly owned by Johnson Controls International comes some months after the business was acquired by private equity firm Brookfield Business Partners in a cash deal valued at $13.2 billion. According to a statement, Clarios intends to continue to provide automotive battery products and services, with a focus on new technology such as traction batteries for electric vehicles.
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“As a global leader with a product used in virtually every vehicle from conventional to fully electric, we are well positioned to capitalise on market trends, including a move toward more electrified and autonomous vehicles which are elevating the critical role of the battery and accelerating the need for more advanced batteries,” said Joe Walicki, President of Clarios. “Under Brookfield’s ownership, we can better capitalise on these growing trends and operate with more focus and efficiency.”
Clarios currently has 56 facilities worldwide with over 16,000 employees. It is best known in the UK for its Varta battery range.
Has any private equity company ever improved a car component business ? Manufacturer or distributor.
For the Directors, possibly. But for the staff, the customers, the suppliers and virtually everybody else, NO!
They’re expected to just carry on as usual, despite virtually every single thing that made them a successful, independent, quality company changing beyond all recognition.
I see another Finelist appearing somewhere on the horizon.