Bloomberg Reported Earlier, Hitachi and Johnson Controls International Are Finalizing The Sale Of Their Joint Venture, Which Handles Home Air Conditioners And Other Air Conditioning Products, To Germany's Robert Bosch
Portfolio Pulse from charles@benzinga.com
Hitachi and Johnson Controls International are finalizing the sale of their joint venture, which handles home air conditioners and other air conditioning products, to Germany's Robert Bosch.
July 22, 2024 | 8:49 am
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Johnson Controls International is finalizing the sale of its joint venture with Hitachi to Robert Bosch. This move could streamline JCI's operations and potentially improve its financial position.
The sale of the joint venture could streamline Johnson Controls International's operations and improve its financial position by focusing on core businesses. This is likely to be viewed positively by investors.
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