Fangda is acting as the PRC mainland and Hong Kong legal counsel of Johnson Controls International plc (NYSE: JCI, “Johnson Controls”) in connection with its announced agreement to sell its Residential and Light Commercial HVAC business to the Bosch Group in an all-cash transaction valued at $8.1 billion. The transaction is announced on July 23, 2024, and expected to close in approximately 12 months, subject to required regulatory approvals and other customary closing conditions.

Johnson Controls is a global leader in smart, healthy and sustainable buildings. With a team of 100,000 experts in more than 150 countries, Johnson Controls offers the world’s largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry.

The Fangda team includes Jeffrey Ding, Tess Lin, Jiaxing Mao and Rong Jin (M&A – Beijing), and Tianyi Chen, Joe Scheu, Joshua Hu and Michael Gu (M&A – Hong Kong).