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Johnson Controls to sell diagnostics division to SPX

Aug 2, 2007 1:17 PM

Johnson Controls has agreed to sell its Paris-based information
diagnostics business unit, to SPX Corporation for approximately €32 million. The business, which develops and manufactures vehicle diagnostics and garage equipment products, had 2006 revenues of approximately $80 million. The transaction is expected to be completed in the third quarter of 2007.





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