As a result, the German Bosch will become the owner of 16 factories and 12 engineering centers in more than 30 countries.
German appliance maker Bosch will acquire the assets of American HVAC company Johnson Controls for $8 billion. This was reported by the Bosch press service on Tuesday, July 23.
This will be the largest agreement in the company’s history. It will be closed for a year.
As part of the agreement, Bosch will also become the owner of the Johnson Controls-Hitachi Air Conditioning joint venture, including a 40% stake in Japan’s Hitachi.
As a result, Bosch will own 16 factories and 12 engineering centers in more than 30 countries. Its long-term license portfolio includes brands such as York and Coleman in the US and Hitachi in Asia.
Let’s recall that in April, Russian dictator Vladimir Putin transferred the Russian subsidiaries of Italian Ariston and Bosch to temporary management structures. Gazprom.
Source: korrespondent
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