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Divestiture Jul 2024 Verified

Johnson Controls to Sell Residential and Light Commercial HVAC Business to Bosch

Johnson Controls International plc entered into a Stock and Asset Purchase Agreement to sell its residential and light commercial HVAC business to Robert Bosch GmbH. The deal was announced on July 23, 2024.

“On July 23, 2024, the Company entered into a Stock and Asset Purchase Agreement (the “Purchase Agreement”) to sell its residential and light commercial HVAC business to Robert Bosch GmbH.”

Entities

Johnson Controls International plc · Target Robert Bosch GmbH · Acquirer
HVAC Sentiment: Neutral

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.