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

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.

“Germany’s Bosch has entered a transaction to purchase Johnson Controls’ global residential and light commercial HVAC business, including Johnson’s North American Ducted business and a complete acquisition of Johnson Controls and Hitachi Air Conditioning’s joint venture.”

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