November 26 (SeeNews) - Bulgarian multi-industry group VM Finance said on Thursday it has clinched a deal to market the products of U.S.-based automotive, power and building efficiency services provider Johnson Controls in three southeast European countries.
VM Automation, a newly set up VM Finance unit, will offer Johnson Controls products in Bulgaria, Macedonia and Moldova, the group said in a statement.
The partnership is in line with VM Finance Group's corporate strategy to branch out into new business areas.
"We have kept a watchful eye for new market opportunities in the past year. Our operations are focused on new investments and acquisitions that would integrate smoothly with our current business model and profitability," VM Finance Group Chairman Vassil Mirtchev said in the statement.
VM Finance Group (www.vmfgroup.com) is active in telecommunications, publishing, advertising, distribution of consumer goods, logistics and transportation sectors.
Its portfolio includes consumer goods distributor Avendi (www.avendi-bg.com), telecommunications company NET IS SAT (www.netissat.bg), building automation company New System (www.newsystem.bg), fast-moving goods seller Transimport (www.transimport.com), distributor in the hotel, restaurant and catering sector Direx, logistics company BLS (www.bultransport.com), monthly business magazine Manager (www.manager.bg) and advertising agency A Team (www.ateam-bg.com).
Johnson Controls (www.johnsoncontrols.com) makes auto seating and electronic components, batteries, and building heating and ventilation systems. The group has more than 1,300 locations and approximately 130,000 employees worldwide.