Hitachi to sell its 40% stake in JCH joint venture to Bosch for $1.4 billion

Hitachi Global Life Solutions will transfer its 40% stake in Johnson Controls-Hitachi Air Conditioning joint venture to Bosch for $1.4 billion. Hitachi GLS will also acquire JCH's Shimizu Factory. The transaction is expected to close before the end of Q1 fiscal year ending March 31, 2026.

“Hitachi GLS will transfer all its 40% stake in JCH to Bosch (Purchase price of USD 1.4billion / JPY 195 billion*).”hitachi.com

• 1 source
• hitachi.comHitachi to Announce Capital Reorganization of Air Conditioning Joint Venture : Hitachi GlobalJul 23, 2024

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