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Majority stake Announced Jul 2024

Bosch acquiring Johnson Controls' residential & light commercial HVAC business for $8.1B

Relationship map

Relationship map for Bosch acquiring Johnson Controls' residential & light commercial HVAC business for $8.1Bparent ofBosch: Operating CompanyBoschHitachi Air Conditioning: Operating CompanyHAHitachi Air Condition…
Operating Company

Parties

Acquirer
Bosch
Operating Company
Target
Hitachi Air Conditioning
Operating Company

Market signals

Summary

Bosch entered a transaction to purchase Johnson Controls' global residential and light commercial HVAC business, including the JCI-Hitachi joint venture, in an $8.1B all-cash deal — the largest in Bosch's history. Binding agreements were signed July 23, pending antitrust approval.

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