July 23 (Reuters) - Johnson Controls International ( JCI )
said on Tuesday that it will sell a portfolio of its
heating and ventilation units to Germany's Bosch Group for $6.7
billion.
The sale of JCI's residential and light commercial heating,
ventilation and air conditioning (HVAC) assets includes its
North America ducted business and its residential joint venture
with Japan's Hitachi ( HTHIF ).
Including Hitachi's ( HTHIF ) consideration, the transaction is valued
at $8.1 billion, JCI said.
Hitachi ( HTHIF ) will retain certain ductless HVAC assets in Shimizu,
Japan, JCI added.