Bosch, the supplier of technology and services, agreed to acquire HVAC solutions business from Johnson Controls, a machinery industry company, and Hitachi, a Japanese multinational conglomerate, for $8.1bn. “As the biggest acquisition in Bosch history, this is an important milestone in the systematic implementation of our strategy for 2030. We are dynamically pushing ahead with the strong development of Bosch, and will achieve a globally leading position in the promising HVAC market with this acquisition. In taking this step, moreover, we will strengthen our presence in the US and Asia and achieve a better balance among our business sectors. This is also part of our strategy. In this way, we will open up further growth opportunities and put the company as a whole on a firmer footing,” Stefan Hartung, Robert Bosch chairman of the board of management.