In November 2018, Johnson Control had entered into an agreement with Brookfield Business Partners LP and institutional partners (collectively Brookfield) to sell its entire stake in the power solution business and focus on its core capability. The said transaction included transfer of the entire automobile battery business to Brookfield. It valued power solution business at US$13.2 billion, which clocked sales of US$8 billion in CY18 with corresponding EBITDA at US$1.7 billion (EBITDA margins 21%). On the valuation front, the said business was acquired at ~1.6 EV/sales and ~8x...