John­son Con­trols, Hi­tachi group form joint ven­ture

Electrical Monitor - - NEWS -

ohnson Con­trols, Hi­tachi Ltd and Hi­tachi Ap­pli­ances Inc. have an­nounced that the com­pa­nies have com­pleted their global joint ven­ture agree­ment and will im­me­di­ately com­mence oper­a­tions of John­son Con­trols-Hi­tachi Air Con­di­tion­ing to pro­vide global cus­tomers with a full range of world class air con­di­tion­ing prod­ucts and tech­nol­ogy.

Through the agree­ment, John­son Con­trols has ac­quired a 60 per cent own­er­ship stake of the new en­tity, which has more than 350 bil­lion yen (ap­prox­i­mately $2.8 bil­lion) in sales an­nu­ally. Hi­tachi Ap­pli­ances re­tains own­er­ship of the re­main­ing 40 per cent of the com­pany.

The joint ven­ture has ap­prox­i­mately 14,000 employees and 24 global lo­ca­tions ded­i­cated to de­sign, engi­neer­ing and man­u­fac­tur­ing through­out Asia, Europe and Latin Amer­ica. It will build on both or­ga­ni­za­tions' tech­nol­ogy, re­search and de­vel­op­ment lead­er­ship, as well as ex­pand­ing mar­ket­ing chan­nels.

Cus­tomers glob­ally will now have the most di­verse range of air con­di­tion­ing prod­ucts in the in­dus­try, in­clud­ing Hi­tachi’s world-class vari­able re­frig­er­ant flow sys­tems, res­i­den­tial air­con­di­tion­ing so­lu­tions, high-ef­fi­ciency chillers and lead­ing-edge ro­tary and scroll com­pres­sors – in ad­di­tion to John­son Con­trols’ HVAC and build­ing au­to­ma­tion so­lu­tions.

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