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Majority stake Announced Jul 2024

Bosch to acquire Johnson Controls residential/light commercial HVAC business and JCH JV from Hitachi

Relationship map

Relationship map for Bosch to acquire Johnson Controls residential/light commercial HVAC business and JCH JV from Hitachiparent ofBosch: Operating CompanyBoschHitachi: Operating CompanyHIHitachi
Operating Company

Parties
Acquirer
Bosch
Operating Company
Target
Hitachi
Operating Company

Market signals
Deal value$8B reported approximate as reported by hvacinsider.com

Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.

Summary

Bosch announced binding agreements to acquire Johnson Controls' global residential and light commercial HVAC business plus 100% of the Johnson Controls-Hitachi Air Conditioning JV (including Hitachi's 40% stake), subject to antitrust approval.