Johnson Controls Strengthens Access Control Capabilities
11 November 1998
Johnson Controls Strengthens Access Control Capabilities; Signs Agreement to Purchase Cardkey From CustomTracksMILWAUKEE, Nov. 10 -- Johnson Controls, Inc. announced today that it has signed a definitive agreement to purchase Cardkey Systems, the leading provider of electronic access control and integrated security management systems worldwide. Wholly owned by Dallas-based CustomTracks Corporation , Cardkey manufactures stand-alone electronic access controls as well as PEGASYS(R) integrated security management systems. "We're extremely pleased to bring Cardkey's capabilities and expertise to our customer," says Brian Stark, president of the Controls business for Johnson Controls. "Cardkey's global market leadership as well as its highly respected products and services portfolio are an excellent fit with Johnson Controls and our building controls systems and services. Cardkey creates immediate value for us and our customers worldwide." Cardkey employs 350 persons worldwide and has headquarters in Simi Valley, Calif. The closing is subject to government approvals and each company's board of directors' approval, according to officials from Johnson Controls and CustomTracks. CustomTracks Corporation plans to become a provider of music-related Internet products and services. Johnson Controls, Inc. is a global market leader in automotive systems and facility management and control. In the automotive market, it is a major supplier of seating and interior systems, and batteries. For nonresidential facilities, Johnson Controls provides building control systems and services, energy management and integrated facility management. Johnson Controls, founded in 1885, has headquarters in Milwaukee, Wis. Its sales for 1998 totaled $12.6 billion.