Frankfurt, Germany (AFP) July 23, 2024
Germany's Bosch said Tuesday it planned to buy heating, ventilation and air conditioning assets from Johnson Controls International, in an $8-billion acquisition it called "the biggest" in the group's history.
The deal will help Bosch "achieve a globally leading position in the promising HVAC market" and give it "a better balance" in its portfolio, CEO Stefan Hartung said in a statement.
