Robert Bosch GmbH plans to acquire Johnson Controls & Hitachi's global HVAC business for $8bn.
Robert Bosch GmbH plans to acquire Johnson Controls & Hitachi's global HVAC business for $8bn, set to complete in 12 months if approved. The deal will give Bosch a leading position in the HVAC market, strengthening US & Asia presence, and nearly double its HVAC revenue, reaching $9bn. The acquired businesses, employing 12,000 globally, generated $4bn in 2023 revenues.
July 23, 2024
3 Articles