Bosch acquires JCI/Hitachi residential & light commercial HVAC business for $8B

Bosch agreed to acquire the global residential and light commercial HVAC business from Johnson Controls, plus 100% of the Johnson Controls-Hitachi Air Conditioning joint venture including Hitachi's 40% stake, for $8 billion. It is the biggest acquisition in Bosch history.

“For its Energy and Building Technology business sector, the Bosch Group plans to take over the global HVAC solutions business for residential and light commercial buildings from Johnson Controls. As part of this transaction, Bosch also intends to acquire 100 percent of the Johnson Controls-Hitachi Air Conditioning (JCH) joint venture, including Hitachi’s 40 percent stake.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.