News Details
 
Johnson Controls and Hitachi to form Global HVAC Joint Venture
03 March 2015

Johnson Controls, Hitachi, Ltd. and Hitachi Appliances, Inc. entered into a definitive agreement for their global joint venture at the World Economic Forum in Davos. Johnson Controls will obtain a 60 percent ownership stake in Hitachi Appliances’ more than ¥300 billion (approximately $2.6 billion) global air conditioning business, excluding sales and service operations in Japan. The joint venture will bring customers a full range of air conditioning products, including variable refrigerant flow (VRF) technology, inverter technology based room air conditioners and absorption chillers – in addition to existing Johnson Controls products. With approximately 13,800 employees and 24 manufacturing plants, the joint venture will build on both organizations’ technology, research and development leadership, as well as their expanding marketing channels.


Disclaimer: The information provided within this publication / eBook/ content is for general informational purposes only. While we try to keep the information up-to-date and correct, there are no representations or warranties, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the information, products, services, or related graphics contained in this publication / eBook/ content for any purpose. Any use of this information is at your own risk.

K-43 (Basement) Kailash Colony , New Delhi - 110048, India Tel: (011) 41635655, 29234925