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Johnson Controls Hitachi AC Limited is a Japanese multinational air conditioning manufacturing company that manufactures home appliances and specialises in air conditioning and cooling technology. The company was incorporated on 1 October 2015 in Tokyo, as a Joint Venture between Johnson Controls and Hitachi Appliances .
Hitachi, Ltd. [nb 1] (Japanese pronunciation: [çi̥taꜜtɕi]) is a Japanese multinational conglomerate founded in 1910 and headquartered in Chiyoda, Tokyo.The company is active in a range of industries, including digital systems, power and renewable energy, railway systems, healthcare products, and financial systems. [4]
In November 2012, MHI and Hitachi agreed to merge their thermal power generation businesses into a joint venture to be owned 65% by MHI and 35% by Hitachi. [23] [24] The joint venture began operations in February 2014 and ended in 2020, as Hitachi transferred its shares to MHI. [23] [24] [25]
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