Bosch to acquire Johnson Controls residential/light commercial HVAC and JCH JV for $8B

Summary

Bosch signed binding agreements to acquire Johnson Controls' global residential and light commercial HVAC business and 100% of the Johnson Controls-Hitachi (JCH) joint venture, including Hitachi's 40% stake, for $8 billion. The deal, the largest in Bosch history, is subject to antitrust approval and expected to close in about 12 months.