Tokyo - Seat makers Johnson Controls and Tachi-S Co. Ltd are to form a strategic partnership to supply certain global Japanese automotive seat businesses. The alliance will be led by a management committee from both companies, and as part of the link up, Johnson Controls will acquire a 5 percent equity stake of Tachi-S to become the single largest shareholder.
No financial details of the arrangement were revealed.
Currently, the two groups cooperate through various joint ventures in North America, Japan and China.
"Tachi-S brings extensive experience working with Japanese automakers. By teaming up with Tachi-S, Johnson Controls will be able to better serve our Japanese customers," said Jeffrey Edwards, group vice president, Johnson Controls Automotive Experience. He added that, "The equity ownership demonstrates our long-term commitment to this alliance and our focus on Japanese automaker business opportunities."
"Johnson Controls and Tachi-S have been partners since the 1980s. We are proud to strengthen our strategic alliance relationship with Johnson Controls to increase our global competitiveness," commented Hiroshi Taguchi, president, Tachi-S, in the Johnson Controls statement.
Tachi-S was set up in 1954, and is a global seat system manufacturer, supplying most major Japanese automakers. Tachi-S and its subsidiaries operate in North America, Europe and Asia.
Johnson Controls Inc. is a global leader in automotive seating, overhead systems, door and instrument panels, and interior electronics and has more than 200 plants worldwide.