Bosch Acquires Johnson Controls' Residential and Light Commercial HVAC Business (including JCH JV)

July 23, 2024

The Bosch Group has acquired Johnson Controls' Residential and Light Commercial (R&LC) HVAC business, including the Johnson Controls–Hitachi Air Conditioning (JCH) joint venture, in an all-cash transaction valued at roughly $8.0–8.1 billion. The deal expands Bosch's Home Comfort Group—nearly doubling its HVAC sales and strengthening Bosch's presence in the U.S. and Asia—while Johnson Controls will return a portion of proceeds to shareholders.

Targets
Residential and Light Commercial (R&LC) HVAC business (including Johnson Controls–Hitachi Air Conditioning joint venture)
Sellers
Johnson Controls International plc, Hitachi, Ltd.
Location
Ireland
Transaction Type
Buyout

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