Burscheid, Germany – Johnson Controls has completed its acquisition of the Michel Thierry Group, a supplier of fabrics and lamination to the automotive industry based in Laroque d’Olmes, France.
The transaction was approved by the European Commission in Brussels on 22 Nov, the firm said in a 1 Dec news release. With the acquisition, Johnson Controls, a global leader in automotive seating systems, interior components and electronics, further enhances its product and service portfolio in seating components, the release added.
“The acquisition of Michel Thierry complements Johnson Controls’ capabilities and positions the company to become a global leader in textiles and integrated trim. The vertical integration of Michel Thierry into our trim portfolio as a dedicated fabrics business unit aligns with OEM sourcing strategies, and creates a unique value proposition and differentiates us in the industry,” said Dr Beda Bolzenius, vice president, Johnson Controls and President, Automotive Experience.
“In addition, we will establish an integrated footprint in China to address the increasing demand for high-quality fabrics and cut-and-sew capabilities there. In the United States we anticipate significant business opportunities that leverage our strong footprint, he added in the prepared statement.
Michel Thierry has strong research and development and manufacturing capabilities in Europe, and operations worldwide. The acquisition includes 23 locations in 15 countries and about 1700 employees (2100 including joint ventures) globally. The company’s product line includes automotive textiles and leather production for seating and interiors. Capabilities include design, development, production, weaving, knitting, embroidery, lamination, embossing, screen printing, welding and laser punching.
Johnson Controls Automotive Experience is a global leader in automotive seating, overhead systems, door and instrument panels, and interior electronics. It has more than 200 plants worldwide, and supplies products, from single components to complete interiors, used in over 200 million vehicles.
The firm is a subsidiary of Johnson Controls, a global, diversified technology and industrial leader with 130 000 employees serving customers in over 150 countries with products, services and solutions to optimise energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles.