WALTHAM, MA – A123 Systems received approval from the U.S. Bankruptcy Court for the District of Delaware to sell substantially all of A123's assets to Wanxiang America Corporation, and to sell its government business to Navitas Systems.
A123 Systems to Sell Assets to Johnson Controls for $125 Million
WALTHAM, MA – Johnson Controls plans to acquire A123’s automotive business assets, including all of its automotive technology, products and customer contracts; its facilities in Livonia and Romulus, Mich.; and its cathode powder manufacturing facilities in China.
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