# 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.

- Type: Acquisition
- Announced: 2024-07-23
- Where: Japan
- Value: $1.40B
- Status: announced
- Products: air conditioning equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Hitachi](https://endata.com/companies/1325.md) (target)
- [Robert Bosch](https://endata.com/companies/3006.md) (acquirer)
- [Johnson Controls International](https://endata.com/companies/12096.md) (partner)

## Sources

- [hitachi.com](https://www.hitachi.com/en/press/articles/2024/07/0723/), 2024-07-23: "Hitachi GLS will transfer all its 40% stake in JCH to Bosch (Purchase price of USD 1.4billion / JPY 195 billion*)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.