Bosch cites HVAC industry upheaval driving consolidation

Bosch leadership characterized the entire HVAC industry as being in a state of upheaval with changing markets and technologies, framing the acquisition as moving Bosch into the top tier of global HVAC suppliers.

“The entire HVAC industry is in a state of upheaval, and the market and technologies are changing. Bosch is systematically taking advantage of its opportunities and is now moving up to the Champions League in the heating, ventilation, and air conditioning solutions business”

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