Bosch Wants To Grow Significantly Faster Than The Market In The Heating, Ventilation, And Cooling Sector

⯈ Successfully completed: the largest acquisition in the company’s history

 ⯈ The Home Comfort division almost doubles to more than eight billion euros in sales and over 25,000 associates.

⯈ Increasing demand for cooling ensures a surge in demand.

⯈ Stefan Hartung: “Bosch is moving up to the Champions League in the heating,

ventilation, and air conditioning solutions business.”

⯈ Christian Fischer: “The current acquisition complements our portfolio perfectly.”

⯈ Frank Meyer: “We want to help shape this market with energy-efficient solutions.”

 

The Bosch Group reaches the next milestone in its corporate strategy 2030 and is consistently focusing on growth. The company has successfully completed the largest acquisition in its history. The acquisition of the residential and light commercial heating, ventilation, and air conditioning (HVAC) business from Johnson Controls and the acquisition of the Johnson Controls-Hitachi Air Conditioning joint venture were completed as scheduled on July 31. The contracts were signed roughly one year ago.

“With the largest acquisition in our company history, we are accelerating our growth, expanding our global footprint, and balancing our business by strengthening our energy and building technology – this makes Bosch more powerful and robust, in line with our corporate strategy 2030,” says Stefan Hartung, chairman of the Bosch board of management. The purchase price of 8 billion U.S. dollars (7.4 billion euros) is subject to customary adjustments.

 

With the acquisition, the Bosch Home Comfort division almost doubles in size to over 25,000 associates and more than eight billion euros in sales. Bosch is thus significantly expanding its presence, especially in America and Asia, and becoming one of the largest suppliers in the market for heating, ventilation, and cooling of residential and small commercial buildings worldwide. “The entire HVAC industry is in a state of upheaval, and the market and technologies are changing. Bosch is systematically taking advantage.