Bosch to buy US firm's air conditioning business
Frankfurt, Germany (AFP) July 23, 2024
Germany's Bosch said Tuesday it planned to buy heating, ventilation and air conditioning assets from Johnson Controls International, in an $8-billion acquisition it called "the biggest" in the group's history. The deal will help Bosch "achieve a globally leading position in the promising HVAC market" and give it "a better balance" in its portfolio, CEO Stefan Hartung said in a statement.
Germany's Bosch said Tuesday it planned to buy heating, ventilation and air conditioning assets from Johnson Controls International, in an $8-billion acquisition it called "the biggest" in the group's history. The deal will help Bosch "achieve a globally leading position in the promising HVAC market" and give it "a better balance" in its portfolio, CEO Stefan Hartung said in a statement.