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

Jul 23, 2024•12 months ago

Acquiring Company

Bosch

Acquired Company

Johnson Controls/Hitachi

Gerlingen-SchillerhöheCorkEnergyManufacturingRenewable EnergyOil And GasManufacturing

Description

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 Information

Company

Bosch

Location

Gerlingen-Schillerhöhe, Baden-Württemberg, Germany

About

The company recently completed a program highlighting its Tre FCEV Alpha Pilot with Anheuser-Busch in California. The company recently announced it would invest more than $1 billion USD globally to develop mobile fuel cell technologies by 2024. The company previously announced a collaboration with Powercell to develop the fuel cell stack. The company generated sales of $93.1 billion in 2021. Bosch has a long presence in Anderson, where it started producing fuel rails in 1985. “Helping Bosch to be among the first to commercialize fuel cell stack production in the U.S. speaks to the strength of our manufacturing industry and workforce. “Bosch is unique in its ability in all these areas. Bosch will be one of the first to market with large-scale production to support hydrogen-powered commercial vehicles.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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