M&A
confidence high
sentiment neutral
materiality 0.90
JCI to sell Residential and Light Commercial HVAC business to Bosch for $8.1B cash
Johnson Controls International plc
- JCI to receive approx $6.7B in cash for its portion; total consideration including Hitachi's 40% stake in JCH is ~$8.1B.
- Transaction includes JCI's North America Ducted business and its 60% interest in JCH joint venture with Hitachi.
- Closing expected by May 23, 2025, subject to regulatory approvals and other customary conditions.
- JCI may receive $300M termination fee if deal fails due to regulatory issues.
- No financing condition or shareholder approval required for JCI.