Johnson Controls finalises sale of Residential and Light Commercial HVAC business to Bosch

CORK, Ireland, 1 August 2025: Johnson Controls International announced it has completed the sale of its Residential and Light Commercial (R&LC) HVAC business to the Bosch Group in an all-cash transaction. The company said through a Press Release that the divestment represents a major milestone in its transformation into a pure-play provider of innovative building solutions.

Joakim Weidemanis, CEO, Johnson Controls, said: “The completion of this transaction is an important milestone for Johnson Controls and positions our company as a leading pure-play provider of innovative building solutions. Johnson Controls is embarking on its next era, and I’m confident in our ability to reach our full potential as a faster-growing, more profitable, technology-based and service-enabled company. I look forward to the journey ahead as we transform our industry for years to come and work together to deliver even greater value for our customers, team members and shareholders.

“I want to thank the Residential and Light Commercial HVAC team for their service and dedication and wish them the best of success as they join the Bosch Group.”

According to Johnson Controls, the total transaction is valued at USD 8.1 billion, with its portion of the consideration amounting to approximately USD 6.7 billion. Johnson Controls said net cash proceeds to the company were approximately USD 5.0 billion after tax and transaction-related expenses.

The company confirmed that the transaction includes the North America ducted business as well as the global residential joint venture with Hitachi. It noted that Hitachi has retained certain ductless HVAC assets located in Shimizu, Japan.

Johnson Controls said that, in line with its capital allocation policy, it expects to return a portion of the net proceeds to shareholders through the launch of a USD 5.0 billion accelerated share repurchase programme. The company said the programme is expected to commence in the coming weeks, pursuant to its previously announced share repurchase authorisation, which currently has an overall availability of USD 9.8 billion.