GERMANY: Bosch buy expands aftermarket, diagnostics
A new acquisition will allow Bosch to strengthen its automotive aftermarket division, and further expand the workshop equipment business of its diagnostics business unit.
The group is acquiring the operating assets of Accu Industries in Ashland, Virginia. The deal is expected to close before the end of April but the price had not been disclosed.
Accu Industries employs 45 and generated sales of roughly $US16m (EUR11.7m) in 2007. The company sells tyre changers, wheel balancers, and wheel alignment equipment.
"Above all, we want to improve the distribution and service offered by our Bosch Diagnostics business unit in North America. In this market, Accu Industries is well established in the aftersales segment, and is therefore a logical extension to the business we already have in the US," said spokesman Hans-Peter Meyen.
Accu Industries will become part of the existing diagnostics business in the US and its president, Tommy Saunders, will remain in a senior management position.
Accu Industries will assume responsibility for wheel and tyre service in the US, in the area of both sales and technical support.
Its assembly activities will be added to the global production network of Bosch Diagnostics.