Bosch acquires residential and light commercial HVAC business from Johnson Controls and Hitachi
Acquiring Company
Bosch
Acquired Company
Johnson Controls
Gerlingen-SchillerhöheManufacturingEnergyRenewable EnergyManufacturingConstructionBuilding MaintenanceBuilding MaterialDescription
Bosch, a leading supplier of technology and services, is set to take over the global HVAC solutions business for residential and light commercial buildings from Johnson Controls, including acquiring 100 percent of the Johnson Controls-Hitachi Air Conditioning (JCH) joint venture. The acquisition, which is the biggest in Bosch history, marks a significant milestone in the implementation of Bosch's strategy for 2030 and is expected to nearly double Bosch's sales revenue in the HVAC market.
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Frequently asked
Who acquired Johnson Controls?
Johnson Controls was acquired by Bosch, based in Gerlingen-Schillerhöhe. The deal was reported on July 23, 2024. The company recently completed a program highlighting its Tre FCEV Alpha Pilot with Anheuser-Busch in California. Bosch is privately held and operates in Manufacturing.
When did Bosch acquire Johnson Controls?
Bosch's acquisition of Johnson Controls was reported on July 23, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Johnson Controls do?
Johnson Controls is a global diversified technology and multi-industrial leader serving a wide range of customers in more than 150 countries. The company provides building products and technology solutions to optimize energy and operational efficiency. It is publicly traded (JCI), operating in Manufacturing.
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