M&A Deal Summary

Robert Bosch Acquires Johnson Controls - Residential & Light Commercial HVAC Business

On July 23, 2024, Robert Bosch acquired manufacturer Johnson Controls - Residential & Light Commercial HVAC Business from Johnson Controls for 8.1B USD

Acquisition Highlights
  • This is Robert Bosch’s 2nd transaction in the Manufacturing sector.
  • This is Robert Bosch’s largest (disclosed) transaction.
  • This is Robert Bosch’s 1st transaction in Ireland.

M&A Deal Summary

Date 2024-07-23
Target Johnson Controls - Residential & Light Commercial HVAC Business
Sector Manufacturing
Buyer(s) Robert Bosch
Sellers(s) Johnson Controls
Deal Type Divestiture
Deal Value 8.1B USD

Target

Johnson Controls - Residential & Light Commercial HVAC Business

Ireland
Johnson Controls' Residential & Light Commercial HVAC Business manufactures ducted and ductless HVAC equipment and components globally for both residential and light commercial applications.

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Buyer(S) 1

Buyer

Robert Bosch

Postfach, Germany

Category Company
Founded 1886
Sector Diversified
Employees300,000
Revenue 52.0B EUR (2012)
DESCRIPTION
Bosch power tools on display at an Acme Tools store in Duluth, Minnesota.
Bosch power tools on display at an Acme Tools store in Duluth, Minnesota.

Robert Bosch GmbH is a diversified technology, electronics, and automotive manufacturing company. The Company is privately owned and was established in 1886.


DEAL STATS #
Overall 22 of 22
Sector: Manufacturing M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
Country: Ireland M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-26 TSI Semiconductors

Roseville, California, United States

TSI Semiconductors is a provider of specialty foundry offering flexible technology development and the highest industry quality manufacturing solutions for projects ranging from the smallest to very large lot sizes. TSI Semiconductors is based in Roseville, California.

Buy -

Seller(S) 1

SELLER

Johnson Controls

Cork, Ireland

Category Company
Founded 1885
Sector Diversified
Employees94,000
Revenue 23.0B USD (2024)
DESCRIPTION
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.
Johnson Controls' operational headquarters in Milwaukee, Wisconsin.

Johnson Controls is a diversified technology and industrial company that creates products, services, and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and seating and interior systems for automobiles. Johnson Controls was founded in 1885 and is based in Cork, Ireland.


DEAL STATS #
Overall 18 of 18
Sector: Manufacturing M&A 5 of 5
Type: Divestiture M&A Deals 16 of 16
Country: Ireland M&A 1 of 1
Year: 2024 M&A 2 of 2
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-18 Air Distribution Technologies

Plano, Texas, United States

Air Distribution Technologies is a provider of air-distribution and ventilation products for residential and industrial buildings in North America. Its brands include Koch Filter, Titus, Ruskin, Kreuger, PennBarry and Tuttle & Bailey and their product lines of grilles, registers and diffusers, terminal units, fire and smoke dampers, louvers, filters and fans. Air Distribution Technologies products are manufactured in the United States, Mexico, India, Thailand and the United Arab Emirates. Air Distribution Technologies is based in Plano, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-06 Accelsius

Austin, Texas, United States

Accelsius empowers data center and edge operators to achieve their business, financial, and sustainability goals through advanced cooling solutions. Its proprietary NeuCool platform provides thermal efficiencies through a safe, two-phase liquid cooling system that scales from single racks to entire data centers. Accelsius is based in Austin, Texas.

Buy -