Borg Instruments / Auto Electronics
Johnson Controls acquires Borg Instruments
July 23, 2003 (PD: 201607)
On July 23, 2003, Johnson Controls announced that it had completed its acquisition of Borg Instruments AG, a privately-held automotive electronics company headquartered in Remchingen, Germany. Johnson paid 117.5 million Euro for Borg, in a move to strengthen the company’s interior electronics capabilities as well as its technological presence in Europe.
Borg manufactured high-end instrument clusters, reconfigurable and other information displays, center stack display modules, and the “Quo Vadis” navigation system.
Its major customers included BMW, DaimlerChrysler, PSA Peugeot Citroen, General Motors/Opel, Volkswagen Group, and Ford/PAG.
Borg had 2002 sales of 55 million Euro, with an expected sales growth of 35% per year through 2006. The company employed 400 workers at two manufacturing plants in Remchingen and St. Georgen, Germany.