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Hitachi to sell stake in US air conditioning company Johnson Controls to Bosch

This post is also available in: Japanese

Hitachi has announced a further divestment of its non core businesses with the sale of its 40% stake in the joint venture it has with US company Johnson Controls to Bosch. Johnson Controls-Hitachi Air Conditioning has multiple operations in the EMEA region, including in Spain, UK, Bulgaria, France, Czech Republic, Hungary, Italy, Poland, Russia, Slovakia, Turkey and Ukraine.

Its commercial air conditioning business in Japan will be folded into Hitachi’s home appliance business. The home air conditioning production plant in Tochigi, Japan, will be transferred to Bosch.

 

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Pernille Rudlin

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