Johnson Controls to acquire automotive electronics supplier Borg Instruments AG

Milwaukee, Wisconsin, and Burscheid, Germany 18.6.2003(ots/PROTEXT) - Johnson Controls, Inc. (JCI), a global leader inautomotive systems and facility management and control, todayannounced that it plans to acquire Borg Instruments AG, anautomotive electronics company.

Borg Instruments, a privately-held company with headquartersin Remchingen, Germany, had 2002 sales of Euro 55 millionassociated with driver information systems and products.

John M. Barth, Johnson Controls president and chief executiveofficer, said "This acquisition is consistent with our strategyto offer our automotive customers world-class technology thatwill increase the consumer appeal, quality and value of theirvehicles. For Johnson Controls, Borg Instruments will strengthenour interiors electronics capabilities as well as ourtechnological presence in Europe, and will be the base for thedevelopment of our high-end electronic instrument clustersactivities. In addition, we anticipate transferring the Borgtechnology to the North American and other markets."

Borg Instrument specializes in high-end instrument clusters,reconfigurable and other information displays, center stackdisplay modules, electronic parking assistance and its "turn-by-turn" Quo Vadis navigation system. Johnson Controls said thatthe two companies' electronics capabilities are verycomplementary.

Based on existing customer orders, Borg Instrument sales areexpected to grow at over 35% a year through 2006. Its majorcustomers include BMW, DaimlerChrysler, PSA Peugeot Citroen,General Motors/Opel, Volkswagen Group and Ford/PAG.

The purchase price was not disclosed. Johnson Controls saidthat it anticipates the acquisition, which is expected to closeduring summer 2003, to be accretive to Johnson Controls earningsin fiscal 2004. The completion of the acquisition is contingentupon receiving customary regulatory approvals.

Borg Instrument has 400 employees, including 120 research anddevelopment engineers, and two manufacturing plants inRemchingen and St. Georgen, Germany. The majority owner of thecompany is Borg Luxembourg S.A.

The company has made forward-looking statements in thisdocument that are subject to risks and uncertainties. Forward-looking statements include information concerning possible orassumed future risks and may include words such as "believes,""expects," "anticipates" or similar expressions. For thosestatements, the company cautions that numerous important factors,including the completion of the Borg Instrument acquisition,customer orders, industry vehicle production levels, US dollarexchange rates and those discussed in the company's Form 8-K(dated November 12, 2002), could affect the company's actualresults and could cause its actual consolidated results todiffer materially from those expressed in any forward-lookingstatement made by, or on behalf of, the company.

Johnson Controls, Inc. is a global market leader inautomotive systems and facility management and control. In theautomotive market, it is a leading supplier of seating andinterior systems and batteries. For non-residential facilities,Johnson Controls provides building control components and systemsand facility management services.

Johnson Controls (New York Stock Exchange: JCI), founded in1885, has its headquarters in Milwaukee, Wisconsin. The Europeanheadquarters is in Burscheid, Germany. Its sales for 2002totaled 20.1 billion US-Dollars, the Automotive Systems Groupalone accounting for 15 billion US-Dollars of this figure. In thecurrent "Industry Week" business magazine rankings, JohnsonControls has been listed as one of the top 100 best runcompanies in the world for the fifth time in succession.

ots Original Text Service: Johnson Controls GmbH Internet:http://www.presseportal.de

Further information is available from: Johnson Controls GmbHEuropean Headquarters Astrid Schafmeister Industriestr. 20-3051399 Burscheid Germany Tel.: +49 2174 65-3189 Fax: +49 2174 65-3219

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