Bosch completes JCI Hitachi JV purchase
1st August 2025
GERMANY: Bosch has announced the successful completion of the €7.4m purchase of the Johnson Controls residential and light commercial HVAC business and the Johnson Controls-Hitachi Air Conditioning joint venture.
The acquisition is described as the largest in Bosch’s history and almost doubles sales of its Home Comfort division to more than €8bn.
“Bosch is moving up to the Champions League in the heating, ventilation, and air conditioning solutions business,” claimed Bosch chairman Stefan Hartung.
The move sees Bosch significantly expanding its presence, especially in America and Asia, and becoming one of the largest HVAC suppliers in the market.
“Bosch wants to be one of the leading companies in each of its industries by 2030 and is expanding its business with strategic investments in growth areas, among other things. Acquisitions are also part of the strategy,” said Christian Fischer, deputy chairman of the board of management and responsible for strategic growth initiatives and portfolio management.
“The current acquisition perfectly complements our portfolio. We can now offer our customers the entire range of HVAC technologies – from a single source and worldwide,” he added.
In addition to Bosch and Buderus, the brands now also include York in the USA and Hitachi in Asia, as well as other strong local brands. The company is acquiring long-term licenses to use the brand names for York and Hitachi.
The global production network of the Bosch Home Comfort division will grow from 17 to 33 plants as a result of the acquisition, while the number of development sites is increasing from 14 to 26.
In the future, Home Comfort’s business will be managed directly in the three world regions of America, Asia, and Europe/Middle East/Africa.
This orientation is also reflected in the new global executive board of the division as of August 1, 2025. Jan Brockmann will become president of the future organization and at the same time will take on the role of regional president for the EMEA region.
David Budzinski, previously president of residential and light commercial at Johnson Controls and CEO of the Johnson Controls-Hitachi Air Conditioning joint venture, will be appointed to the global executive board of the division. He assumes responsibility for the Americas region and becomes deputy to Jan Brockmann.
Ulrich Lissmann, who is also joining the global executive board, will be responsible for Asia-Pacific. Nora Klug, previously general counsel of the Bosch Group, will assume the role of chief people and governance officer. As chief transformation officer, Oliver Koukal will take care of the integration of the acquired business, which he has already been responsible for as project manager.
The current members of the executive management Thomas Volz and Birte Luebbert will continue to be members of the global executive board. Thomas Volz will be chief financial officer, Birte Luebbert will serve as chief operating officer.
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