A123 Systems deal gains approval from CFIUS

Jan 30, 2013 | 04:48 PM | Nathan Laliberte

Tags  A123 Systems, JCI Controls, Wanxiang Group, CFIUS, Nathan Laliberte

NEW YORK — The Committee on Foreign Investment in the United States (CFIUS) has given the go-ahead for Wanxiang America Corp. to acquire A123 Systems Inc.

The Jan. 29 ruling follows an official appeal from Johnson Controls Inc. (JCI), which cited numerous "national security questions tied to the core technology used in all of A123’s business" in its objection (amm.com, Dec. 18).....

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