Johnson Controls Hitachi AC Limited is a Japanese multinational air conditioning manufacturing company that manufactures home appliances and specialises in air conditioning and cooling technology. The company was incorporated on 1 October 2015 in Tokyo, as a Joint Venture between Johnson Controls and Hitachi Appliances. The Chief Executive Officer of the company is Shoji Akiyama.[2] The shares of its major subsidiary in India are traded on the Bombay Stock Exchange under symbol JCHAC.
Acquisition
In July 2024, Johnson Controls said it would sell its residential and light commercial buildings business to Bosch for $6.7 billion. As part of the deal, Bosch will acquire 100% of the Johnson Controls-Hitachi Air Conditioning joint venture, including Hitachi’s 40% stake. Johnson Controls will continue selling York and Coleman products, while the Hitachi brand will remain in Asia under a long-term license with Bosch Home Comfort Group.[3]