Johnson Controls Inc. (JSI), the biggest U.S. auto-parts supplier, will buy 49 percent of Turkish car- battery seller Karat Guc Sistemleri Sanayi & Ticaret AS through two subsidiaries, Turkey’s antitrust authority said.
CRH Otomotiv Sanayi & Ticaret Ltd. Sti, wholly owned by Johnson Controls, and Johnson Controls Hybrid & Recycling GmbH will buy the stake, the regulator said on its website.
Istanbul-based Karat distributes several battery brands, including Varta and Energizer, both owned by Johnson Controls.
To contact the reporter on this story: Ercan Ersoy in Istanbul at firstname.lastname@example.org
To contact the editor responsible for this story: Benedikt Kammel at email@example.com