Johnson Controls, a global leader recognized for creating smart, safe, and sustainable buildings, announced the finalization of its sale of the Residential and Light Commercial (R&LC) HVAC business to the Bosch Group. This moment was not only transactional but deeply transformational—an intentional stride towards reshaping the future of our built environment with the planet in mind.
Joakim Weidemanis, the CEO of Johnson Controls, shared his vision: “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.” With this move, the company narrowed its focus, vowing to accelerate innovation in climate technology, digital solutions, and sustainability. The $8.1 billion deal, from which Johnson Controls gained approximately $5.0 billion in net cash proceeds after taxes and expenses, signals an era where every investment is measured not only in financial value but in climate impact as well.
The sale encompassed the North American ducted business and a global residential joint venture with Hitachi, Ltd., allowing Johnson Controls to concentrate on advanced solutions—like digitalized energy management and low-carbon infrastructure—across hospitals, schools, airports, data centers, stadiums, and manufacturing sites. Their mission: to reimagine how buildings serve people, places, and the planet.
With these proceeds, Johnson Controls reaffirmed its commitment to responsible stewardship, pledging a $5.0 billion share repurchase program and advancing its sustainability blueprint.
As the world faces greater risks from climate change, rising energy demands, and complex sustainability challenges, Johnson Controls is charting a future that prioritizes people and the planet. By shedding traditional HVAC business segments and redoubling its focus on innovative building technologies, Johnson Controls is ensuring that the spaces we live, work, learn, and play in will be smarter, healthier, and sustainable for generations to come.
