World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Johnson Controls to sell HVAC businesses?

IRELAND: Johnson Controls is rumoured to be exploring the sale of its HVAC businesses, which could include York International, Air Distribution Technologies and its stake in its Hitachi joint venture.

According to Bloomberg, the Irish-domiciled American multinational conglomerate is working with advisors to gauge interest in the businesses which could be worth around $5bn.

The sale would allow Johnson Controls to concentrate on its OpenBlue suite of connected AI smart building solutions and services.

Johnson Controls acquired York International in 2005 for $3.2bn. At the time York was recognised as the world’s largest independent manufacturer of air conditioning, heating, and refrigeration equipment.

A 60% stake in the air conditioning business of Japanese manufacturer Hitachi was finally agreed in 2015. The deal for Hitachi Appliances’ $2.6bn global air conditioning business, excluding sales and service operations in Japan.

Texas-based Air Distribution Technologies – a manufacturer of a wide range of products including grilles, registers, diffusers, terminal units, fire and smoke dampers and fans – was acquired for $1.6bn in 2015.

Johnson Controls has so far not commented on the rumours.

Related stories:

Johnson/Hitachi ac deal signed22 January 2015
USA and JAPAN: Johnson Controls has finally signed the deal which sees it taking a 60% stake in Hitachi’s air conditioning business. Read more…

Johnson Controls buys air distribution firm17 April 2014
USA: Johnson Controls is to acquire Air Distribution Technologies, the Texas-based manufacturer of air distribution products, for $1.6bn. Read more…

Latest News

3rd March 2024

Green Skills Hub opens in Stockport

UK: A new Green Skills Hub has opened its doors at Stockport College in a bid to tackle the UK’s green skills gap.
2nd March 2024

Creating an alternative showcase

UK: A relocation to new premises by UK Alternative Energy Ltd has enabled the Lincoln-based renewable energy specialist to incorporate heat pumps, solar PV and battery storage solutions.
1st March 2024

Heat pump grant requests up 39%

UK: Applications for the UK’s boiler upgrade scheme in January were up 39% on January 2023, according to figures from the Department for Energy Security and Net Zero.
1st March 2024

Bitzer to launch new hydrocarbon compressors

GERMANY: Bitzer is to expand its range of compressors with new models for use with hydrocarbon refrigerants.
29th February 2024

BESA backing for WorldSkills UK

UK:The Building Engineering Services Association (BESA) is organising the refrigeration and air conditioning (RAC) category of the WorldSkills UK competition.
29th February 2024

Beijer Ref to acquire Australian firm QAE

SWEDEN/AUSTRALIA: Beijer Ref will expand its position in the Australian market with the agreement to acquire 60% of the shares in Sydney-based Quality Air Equipment (QAE).