Platform creation Closed Jan 2015
Johnson Controls / Hitachi HVAC Joint Venture
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Parties
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Market signals
Summary
Johnson Controls signed a definitive agreement with Hitachi on January 21, 2015 to form a global commercial air conditioning joint venture. Johnson Controls will own 60% and Hitachi 40%, with JCI investing approximately $525 million. The JV is expected to make Johnson Controls the world's largest commercial air conditioning company.