Bosch completed the acquisition of the HVAC solutions business from Johnson Controls and Hitachi for $8.1bn.

Bosch, the supplier of technology and services, completed the acquisition of the HVAC solutions business from Johnson Controls, a machinery industry company, and Hitachi, a Japanese multinational conglomerate, for $8.1bn. "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," Joakim Weidemanis, Johnson Controls CEO.