Bosch Limited, the Bosch Group’s flagship company in India, plans to acquire 100% of Bosch Chassis Systems India for up to Rs90.68bn ($978m).
Bosch Chassis Systems India represents the German group’s Vehicle Motion division in the country.
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Its portfolio includes active safety technologies such as antilock braking systems and electronic stability control, along with passive safety components including airbag electronic control units and sensors.
It also provides actuation braking systems across passenger vehicles, two-wheelers and commercial vehicles.
The acquisition will be carried out through a share purchase agreement involving both cash and non-cash consideration, according to a regulatory filing by the company.
The company will purchase the stake from existing shareholders, Robert Bosch Investment Nederland (RBNI) and Robert Bosch US.
Bosch Group India president and Bosch Limited managing director Guruprasad Mudlapur said: “Adding Bosch Chassis Systems India, with a future-fit vehicle motion solutions business into Bosch Limited, demonstrates our organisational belief in enhancing the company’s growth trajectory through portfolio diversification.”
As part of the non-cash component, Bosch Limited will issue 1,230 equity shares priced at Rs35,200 each to both shareholders, with the remaining amount to be settled in cash.
In total, the company will acquire 2,080 equity shares of Bosch Chassis Systems India.
Upon completion, Bosch Chassis Systems India will become a wholly owned and material subsidiary of Bosch Limited, while continuing to operate independently under the governance framework of the parent company.
Bosch Limited stated that the acquisition is intended to expand its portfolio by incorporating the vehicle motion business and strengthening its capabilities in safety and braking systems alongside its existing power solutions operations.
The boards of Bosch Limited, Bosch Chassis Systems India and the Bosch Group have approved the transaction, which remains subject to shareholder approval.
Bosch Limited joint managing director and Bosch Mobility India president Sandeep Nelamangala added: “In India, we expect the mobility landscape to evolve radically by 2030 and beyond with sustainable, safe and exciting technologies.
“To foster a customer-first mindset and pivot from supplying individual components to delivering future-ready platform solutions, it is imperative to unite our forces and adopt an integrated approach. This transaction empowers Bosch Limited to drive growth with a wider portfolio and combined offerings across the mobility tech stack.”
