Johnson Controls - Hitachi Air Conditioning believes it offers unrivalled product line to customers. CEO says ‘the future is ours’
The major joint venture between two cooling giants Johnson Controls and Hitachi Air Conditioning begins operations today (October 1).
Johnson Controls-Hitachi Air Conditioning will have revenue of approximately $2.6 billion excluding Japan; 14,000 employees and 24 global locations designing and manufacturing throughout Europe, Asia and Latin America. The firm said customers ‘will now benefit from an unmatched global network of channels and technology around the world.’
Johnson Controls owns 60 percent of the new entity, and Hitachi Appliances owns 40 per cent.
The firms said “Combined customers will now have the most diverse range of air conditioning products in the industry, including Hitachi’s world-class VRFsystems, residential air-conditioning solutions, high-efficiency chillers and leading-edge rotary and scroll compressors – on top of Johnson Controls’ industry-leading HVAC and building automation solutions.”
The JV will be led by Chief Executive Officer Franz Cerwinka and Chief Operating Officer and President Shinichi Iizuka.
Mr Cerwinka has been with Johnson Controls for almost 20 years, while Mr Iizuka has been with Hitachi for more than 35 years and has led Hitachi’s air conditioning business since 2013.
Mr Cerwinka said: “We’re thrilled to have this agreement signed and anxious to serve our customers together as one company with an unmatched global network of channels and technology. Johnson Controls and Hitachi are a perfect match with our complementary product lines, unparalleled brands and rich 100-year histories. The future is ours.”
Mr Iizuka added “I have spent my career with Hitachi, and I know that combining with Johnson Controls will propel us forward to outperform the competition. Just as [the companies] have each made innovation the foundation of their separate success, innovation will now be the cornerstone of Johnson Controls-Hitachi Air Conditioning’s success.”
Johnson Controls is a global multi-industrial company with 130 years of history in supplying heating, ventilation, air-conditioning, building controls, refrigeration and security systems for buildings. Through its Building Efficiency business, the company delivers solutions that increase energy efficiency and lower operating costs for over a million customers who are served through nearly 700 offices in more than 150 countries. Through a previous OEM agreement, Johnson Controls has already begun selling Hitachi VRF systems in North America and recently opened a VRF training center in Dallas, Texas.
Global home appliances and air conditioning solutions provider, Hitachi Appliances, supplies ‘high quality, efficient and reliable’ HVAC products from residential room air conditioning to VRF systems, and other air conditioning equipment for commercial and industrial use. Hitachi Appliances said it will continue to provide Hitachi branded HVAC products in the Japanese market after this transaction.
More details at the new website