Johnson Controls / Hitachi HVAC Joint Venture

Johnson Controls signed a definitive agreement with Hitachi on January 21, 2015 to form a global commercial air conditioning joint venture. Johnson Controls will own 60% and Hitachi 40%, with JCI investing approximately $525 million. The JV is expected to make Johnson Controls the world's largest commercial air conditioning company.

“Signed definitive agreement with Hitachi on January 21, 2015 for HVAC joint venture”

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.