Johnson Controls Announces Sale of HVAC Business to Bosch

Details

The transaction includes the sale of Johnson Controls' North America Ducted business and its global joint venture with Hitachi. The deal is expected to close by May 23, 2025, subject to certain conditions including regulatory approvals. The Purchase Agreement, which is attached as Exhibit 2.1, governs the terms of the sale.

Items reported

Exhibits (1)

About Johnson Controls International plc

Johnson Controls International plc is a leading diversified technology and multi-industrial company that provides a wide range of products and services across various industries. Its primary function is to optimize building efficiencies, enhance comfort, and ensure safety. The company is widely recognized for its Building Technologies and Solutions division, which offers integrated platforms for HVAC (heating, ventilation, air conditioning), building automation, and security systems. Additionally, Johnson Controls plays a pivotal role in the energy sector through its power solutions, particularly with a focus on developing state-of-the-art battery technologies for automotive and renewable energy applications. As a global leader headquartered in Cork, Ireland, Johnson Controls serves various sectors including residential, commercial, and industrial markets. Its commitment to sustainability and innovation positions it as a significant player in advancing smart building and energy solutions on a global scale.