Bosch Acquires HVAC Operations from Johnson Controls and Hitachi for $8 Billion

Jul 23, 2024, 08:42 AM

Bosch Group has announced its acquisition of Johnson Controls International's (JCI) heating, ventilation, and air conditioning (HVAC) operations. The deal, valued at approximately $8 billion, includes assets from both Johnson Controls and Hitachi. This strategic move will expand Bosch's presence in the residential and light commercial HVAC market. JCI confirmed the sale, which is expected to enhance Bosch's portfolio and market reach. Some reports indicate the deal is valued at $6.7 billion.