Hitachi and JCI Announce Global Air Conditioning JV
2013-12-22
On December 3, Johnson Controls (JCI) and Hitachi and Hitachi Appliances (collectively referred to as Hitachi) announced that the companies had signed a non-binding memorandum of understanding (MoU) in which Johnson Controls will obtain a 60% ownership stake in Hitachi Appliances’ global air conditioning business excluding sales and service operations in Japan and certain other assets.
