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Bosch acquires residential and light commercial HVAC business from Johnson Controls and Hitachi

Bosch acquires residential and light commercial HVAC business from Johnson Controls and Hitachi

07/23/24, 8:56 AM
Location
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Industry
energy
manufacturing
renewable energy
oil and gas
manufacturing
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.

Company Info

Company
Bosch
Location
Gerlingen-Schillerhöhe, Baden-Württemberg, Germany
Company info
The Bosch Group is a leading global supplier of technology and services. It employs roughly 429,000 associates worldwide (as of December 31, 2023). The company generated sales of 91.6 billion euros in 2023. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. With its business activities, the company aims to use technology to help shape universal trends such as automation, electrification, digitalization, connectivity, and an orientation to sustainability. In this context, Bosch’s broad diversification across regions and industries strengthens its innovativeness and robustness. Bosch uses its proven expertise in sensor technology, software, and services to offer customers cross-domain solutions from a single source. It also applies its expertise in connectivity and artificial intelligence in order to develop and manufacture user-friendly, sustainable products. With technology that is “Invented for life,” Bosch wants to help improve quality of life and conserve natural resources. The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. Bosch’s innovative strength is key to the company’s further development. At 136 locations across the globe, Bosch employs some 90,000 associates in research and development, of which nearly 48,000 are software engineers.

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