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(GRAND RAPIDS BUSINESS JOURNAL) - Johnson Controls said today that it has signed a definitive agreement to sell its automotive electronics business to Visteon Corp. for $265 million.

The company reported that under terms of the agreement, Visteon, a global automotive supplier headquartered in Van Buren Township would acquire Johnson Controls' instrument cluster, infotainment, display and body electronics products.

Other terms of the agreement were not disclosed.

For more, visit the Grand Rapids Business Journal: http://www.grbj.com/articles/78758-johnson-controls-sells-automotive-electronics-business-for-265m

For more information on Johnson Controls, click here: http://www.johnsoncontrols.com/