Johnson controls to sell residential and light commercial hvac businesses

Divestiture advances johnson controls' transformation into a pure-play provider of comprehensive solutions for commercial buildings transaction valued at $8.1 billion; jci consideration of $6.7 billion company provides preliminary 2024 third fiscal quarter earnings update cork, ireland , july 23, 2024 /prnewswire/ -- johnson controls international plc (nyse: jci) ("johnson controls" or the "company"), the global leader in smart, healthy, safe and sustainable buildings, today announced it has reached a definitive agreement to sell its residential and light commercial (r&lc) hvac business in an all-cash transaction to the bosch group ("bosch").  the transaction includes the north america ducted business and global residential joint venture with hitachi, ltd.
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