20/05/2014 (Agence Europe) - Mergers: Visteo's acquisition of Johnson's automotive electronics business given thumbs-up. On Monday 19 May, the European Commission gave the go-ahead to the acquisition of the automotive electronics business of Johnson Controls, Inc., currently held and controlled by Johnson Controls, Inc. (“JCI”) of the US, by Visteon Corporation (“Visteon”) also of the US. Visteon supplies climate, electronics and interiors systems, modules and components to automotive original equipment manufacturers. The parties' activities overlap in the manufacture and supply of driver information and body electronics for cars. The Commission says the deal does not raise competition concerns, because the overlaps are limited and a number of strong players remain in the market. (EL)