The Bosch Group reaches the next milestone in its corporate strategy 2030 and is 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 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 8 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 of its opportunities and is now moving up to the Champions League in the heating, ventilation, and air conditioning solutions business,” says Hartung.

With the new lineup, Home Comfort wants to grow significantly faster than the global HVAC market. According to Bosch estimates, this will increase by up to 5 percent every year until 2030. “Bosch wants to be one of the leading companies in each of its industries by 2030 and is expanding its business with strategic investments in growth areas, among other things. Acquisitions are also part of the strategy,” says Christian Fischer, deputy chairman of the board of management and responsible for strategic growth initiatives and portfolio management. “The current acquisition perfectly complements our portfolio. We can now offer our customers the entire range of HVAC technologies – from a single source and worldwide.” The acquisition also includes strategically important company investments and joint venture interests, among other things, in component manufacturers and sales partners. These investments are expected to make a significant contribution to the financial result of Home Comfort in the future.

With its expanded product and brand portfolio, Home Comfort wants to better exploit the potential of its strong and established sales channels and boost sales. Integrated purchasing and the joint development of product platforms should also ensure cost savings. It is hoped that initial successes will be seen as early as 2026. The company can rely on strong brands for this: in addition to Bosch and Buderus, these now also include York in the USA and Hitachi in Asia, as well as other strong local brands. The company is acquiring long-term licenses to use the brand names for York and Hitachi. The global production network of Home Comfort will grow from 17 to 33 plants as a result of the acquisition, while the number of development sites is increasing from 14 to 26. The completion of the transaction marks the beginning of the integration of the new units into the Home Comfort division at Bosch. This should be completed by the end of 2027.