Hitachi has completed a capital reorganization of its air conditioning joint venture with Johnson Controls. As part of the deal, Hitachi’s subsidiary, Hitachi Global Life Solutions (Hitachi GLS), sold its 40% stake in Johnson Controls-Hitachi Air Conditioning to Robert Bosch GmbH. Bosch now owns 100% of the venture. Alongside this, Hitachi GLS acquired the Shimizu Factory in Japan, a key site for developing and producing commercial air conditioning equipment.
With this shift, Hitachi plans to strengthen its air conditioning business under the One Hitachi strategy. It aims to expand green cooling technologies by combining its installed base of HVAC systems with AI and digital tools through its Lumada platform. These efforts target areas like green buildings, data centers and manufacturing facilities.
Hitachi GLS will also partner with Bosch to grow the global reach of Hitachi-branded residential air conditioners, especially in Europe, the US and Asia. Meanwhile, in Japan, it will focus on developing products that match local market needs.
The company expects to record a gain of around ¥154 billion from the share transfer and plans to use the funds for future investments and shareholder returns. The move supports Hitachi’s broader goal of balancing environmental efforts with economic growth.
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