# Brookfield and Caisse to buy Johnson Controls' Power Solutions for $13.2B

Brookfield Business Partners and Caisse de dépôt et placement du Québec agreed to acquire Johnson Controls' Power Solutions battery business for approximately US$13.2 billion.

- Type: Acquisition
- Announced: 2018-11-13
- Where: United States
- Value: $13.2B
- Status: announced
- Products: car batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Caisse de dépôt et placement du Québec](https://endata.com/companies/322.md) (acquirer)
- [Brookfield Business Partners](https://endata.com/companies/2649.md) (acquirer)
- [Johnson Controls](https://endata.com/companies/5744.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2018/11/13/1650442/0/en/Brookfield-Business-Partners-in-Partnership-With-CDPQ-to-Acquire-Power-Solutions-Business-From-Johnson-Controls.html), 2018-11-13: "Brookfield Business Partners L.P. together with institutional partners and Caisse de dépôt et placement du Québec today announced that they have reached an agreement whereby Brookfield and CDPQ will acquire 100% of Johnson Controls’ Power Solutions business for approximately $13.2 billion."
- [financialpost.com](https://financialpost.com/news/johnson-controls-sells-its-power-business-to-brookfield-in-13-billion-deal/), 2018-11-13: "Brookfield Business Partners L.P. and Caisse de dépôt et placement du Québec today announced that they have reached an agreement to buy Johnson Controls’ Power Solutions business for approximately US$13.2 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.