Johnson Controls Power Solutions business becomes new entity,
positioned to capitalize on growing global power demands
MILWAUKEE, May 2, 2019 /PRNewswire/ -- Clarios, formerly
Johnson Controls Power Solutions, today launches as a new entity
and world leader in advanced energy storage solutions. Clarios was
acquired by Brookfield Business Partners and operates as a global
energy storage business generating $8
billion in revenues with more than 16,000 employees, 56
facilities worldwide and 130 years of expertise. Clarios will build
on its leading position in vehicle battery technologies – producing
one-third of the automotive industry's total output per year –
while more aggressively exploring ways to meet the fast-growing
energy storage needs of tomorrow.
"At Clarios our vision is to power progress by creating the
world's smartest energy storage solutions that benefit people,
business, and the planet," said Joe
Walicki, president, Clarios. "As a global leader with a
product used in virtually every vehicle from conventional to fully
electric, we are well positioned to capitalize 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. Under
Brookfield's ownership, we can
better capitalize on these growing trends and operate with more
focus and efficiency."
Clarios will continue to provide the highest quality products
and service to the world's leading companies and brands. These
customers rely on Clarios to deliver smart battery technologies
that leverage the company's unique mix of insights, applied
engineering and superior product design. Battery technology has
become increasingly important because today's vehicles house more
than a hundred electrified devices to comply with growing industry
regulations and to support consumer demands for safety, fuel
economy, comfort and sustainability. In addition, with the growing
shift toward more autonomous vehicles, advanced safety features
will become even more critical, requiring a proven, reliable energy
storage solution. Clarios will be investing in the people, process
and technologies to help meet these growing demands and power even
greater mobility and connectivity in the future.
Clarios will build on decades of leadership in the circular
economy where it designs, builds, recovers and recycles batteries
to help create a more efficient and sustainable approach to energy
storage. Clarios batteries are designed and made so up to 99% of
the materials can be recovered and reused in the new batteries we
make. Through innovative collaboration with the company's customers
and partners, Clarios has pioneered a closed-loop collection system
that is a model for the circular economy that it continues to share
across the globe.
The company will maintain its current global manufacturing and
operations footprint, including its corporate headquarters in
Glendale, Wisconsin.
About Clarios: Clarios, formerly Johnson Controls Power
Solutions, is a world leader in advanced energy storage solutions.
We partner with our customers to meet increasing market demand for
smarter applications, on a global scale. Our 16,000 employees
develop, manufacture and distribute a portfolio of evolving battery
technologies for virtually every type of vehicle. Technologies that
deliver uniquely sustainable, next-generation performance, and
bring reliability, safety and comfort to everyday lives. We add
value at every link in the supply chain, contributing to the
progress of the communities we serve and the planet we all share.
Learn more about Clarios at www.clarios.com. Clarios is a
subsidiary of Brookfield Business Partners, a business services and
industrials company focused on owning and operating high-quality
businesses that benefit from barriers to entry and/or low
production costs. Brookfield Business Partners is listed on the
New York and Toronto stock exchanges (NYSE: BBU) (TSX:
BBU.UN). For more information, please visit
https://bbu.brookfield.com.
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