Johnson Controls and Hitachi Form Joint Venture

Johnson Controls and Hitachi are forming a joint venture focused on building efficiency, including variable refrigerant flow (VRF) and absorption chiller technologies. Johnson Controls will own 60% and Hitachi 40%, with completion expected in fiscal 2015.

“Johnson Controls / Hitachi joint venture  Annual revenues: Approximately $3 billion  Ownership  Johnson Controls 60%  Hitachi 40%”

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