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Hitachi GLS transferred all its shares in Johnson Controls-Hitachi Air Conditioning joint venture to Bosch and completed the acquisition of the Shimizu Factory in Japan. Hitachi will now expand Hitachi-branded air conditioning products through Bosch's HVAC business.
“Hitachi GLS transferred all of its shares in Johnson Controls-Hitachi Air Conditioning Holding (UK) Ltd. to Robert Bosch GmbH, and has completed the acquisition of the Shimizu Factory.”hitachi.com
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