(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.

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