Acquisition presents new business enterprise chance for Bosch Diagnostics - Bosch to expand in automotive air conditioning service market
Stuttgart - The Bosch Group's Automotive Aftermarket company announced it has acquired RTI Technologies Co., Ltd. on December 07. RTI Technologies Co. /a>, Ltd. specializes inside the improvement and distribution of automotive upkeep gear including air situation service (ACS) machines. The corporation, based in York, Pennsylvania (USA), had sales of $12.0 million (eight.6 million euros) in 2009 and employs 36 associates, all of whom is going to be retained by Bosch. Terms in the agreement is not going to be disclosed.
The automotive air conditioning service is a crucial chance for Bosch to develop its Diagnostic company globally," stated Robert Hanser, president, Automotive Aftermarket, Robert Bosch GmbH. "The acquisition of RTI technologies delivers us an outstanding chance to meet the immediate requirements of our consumers with automotive maintenance gear, specially air situation service for the next generation refrigerant R1234yf. We're looking forward to giving these innovative merchandise to our shoppers, especially inside the European industry, starting next year." Established in 1990, RTI develops, assembles and sells numerous kinds of automotive upkeep gear including the ACS machines in the U.S. market place. The organization is uniquely positioned to provide access for the technologies for new ACS machines to deliver the new refrigerant R1234yf, which will be introduced into the marketplace beginning in 2011 in Europe.
The Bosch Group can be a top international supplier of technology and solutions. Within the areas of automotive and industrial technology, consumer goods, and building technologies, some 275,000 associates generated sales of 38.two billion euros in fiscal 2009. The Bosch Group comprises Robert Bosch GmbH and its additional than 300 subsidiaries and regional organizations in more than 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development , manufacturing, and sales network is definitely the foundation for development. Each and every year, Bosch spends additional than 3.5 billion euros for analysis and improvement, and applies for some 3,800 patents worldwide. With all its merchandise and services, Bosch enhances the good quality of life by supplying solutions which are both innovative and effective.
In the U.S., Canada and Mexico, the Bosch Group manufactures and markets automotive original equipment and aftermarket solutions, industrial drives and control technologies, energy tools, security and communication systems, packaging technologies, thermotechnology, household appliances, solar energy and healthcare solutions. Possessing established a regional presence in 1906, Bosch employs over 20,000 associates in more than 70 locations, with reported sales of $7.3 billion in fiscal 2009.
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