U.S. automotive components firm Johnson Controls (JCI.N) secured European Union regulatory approval on Friday for the acquisition of the CRH group of companies, which makes metal structures for car seats. Johnson Controls, which also makes vehicle batteries and building efficiency systems, unveiled the deal in December but did not disclose financial details. "The companies compete in the markets for car seat structures and related components such as seat adjusters and head rests, but their combined market shares will remain relatively moderate," the European Commission said in a statement. "They will also face both the competitive pressure of other suppliers as well as the buyer power of the car manufacturers themselves," it added.
Source
