Johnson Controls to acquire Michel Thierry

Johnson Controls and Michel Thierry have signed a share purchase agreement.

Johnson Controls, a provider of automotive seating systems, interior components and electronics, has signed a share purchase agreement to acquire Michel Thierry, a supplier of fabrics and lamination to the automotive industry.

Michel Thierry's product line includes automotive textiles for seating and for interiors and leather production for seating and interiors, while its capabilities include design, development, production, lamination, screen printing, and laser punching.

The company said that Michel Thierry has R&D and manufacturing capabilities in France, Spain and the Czech Republic and operations worldwide; and through this acquisition, it will strengthen its position in textiles and in integrated trim, and create new opportunities for future business growth.

The acquisition will enable Johnson Controls to meet customers' demand for integrated services from fabrics to complete seats on a global scale, and to make better use of growth potential in Chinese and North American markets.