Bosch strengthens Home Comfort through mega-acquisition
Bosch has reached a significant milestone in the company's history by fully acquiring Johnson Controls' heating, ventilation, and air conditioning business for residential and small commercial buildings, as well as the Johnson Controls-Hitachi Air Conditioning joint venture. This acquisition will nearly double Bosch's Home Comfort business and significantly expand its presence in the USA and Asia.
The Bosch Group has taken a significant step towards implementing its 2030 corporate strategy with the acquisition of Johnson Controls’ global heating, ventilation and air conditioning solutions business and the Johnson Controls-Hitachi Air Conditioning joint venture. The acquisition, which is expected to close in twelve months, includes 16 production and 12 development sites in over 30 countries. The purchase price is eight billion US dollars.
Strengthening the Home Comfort Group
With the acquisition, the Bosch Home Comfort Group will increase its turnover from around five billion euros to nine billion euros and increase the number of employees to over 26,000. This expansion will enable Bosch to benefit significantly from economies of scale and a complementary portfolio at the interface of heating and cooling. “The new units will become part of Bosch’s core business and strengthen our position in the heating, ventilation and air-conditioning market worldwide,” emphasizes Christian Fischer, Deputy Chairman of the Board of Management of Robert Bosch GmbH.
Innovative and energy-efficient solutions
The acquisition supports Bosch in its mission to provide innovative and energy-efficient solutions for climate protection and the energy transition. The focus on heat pumps and air conditioning technology fits perfectly with the company’s strategic focus on sustainability and energy efficiency. Frank Meyer, Member of the Board of Management for the Energy and Building Technology business sector at Bosch, explains: “Our aim is to actively shape the market for energy and building technology and take a leading global position.”
Expanding global market presence
The acquisition significantly strengthens Bosch’s presence in the USA and Asia. In the USA, the focus is on Ducted solutions, which enable centralized air distribution, while in Asia, Ductless solutions and VRF systems are preferred. These technologies offer flexible and efficient heating and cooling options for different types of buildings, from small commercial spaces to large projects such as hotels or hospitals.
Future prospects and strategic integration
With this acquisition, Bosch is ideally positioned to benefit from the projected growth opportunities in the global market for heating, ventilation and air conditioning solutions. Jan Brockmann, President of the Bosch Home Comfort Group, sees a bright future: “The demand for climate control solutions is growing rapidly. We look forward to shaping the future of the Bosch Home Comfort Group together with our new colleagues.”
Focus on sustainability and comfort
Bosch is sending a clear signal for the future with this strategic acquisition. By integrating energy-efficient technologies and expanding its product portfolio, the company will be able to provide even better support to its customers worldwide. The investment in innovative solutions and the strong market position should not only contribute to the energy transition, but also improve the comfort and quality of life of many people.