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

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

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