Bosch has announced that it has acquired 75.3% of shares in Pacifica Group.
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Its offer for shares expired yesterday. Bosch had already gained management control of the group by the end of February having gained more than 50% of the shares.
Bosch is paying 2.20 Australian dollars per share in cash; the transaction value amounts to 235 million Australian dollars (EUR141m). With the acquisition of Pacifica, Bosch intends to bolster its brakes business, above all in the Americas and Asia Pacific. The Pacifica Group is a leading manufacturer of brake calipers, parking brakes, and brake components for the automotive equipment and spare parts business. In 2006, the company generated sales of 838 million Australian dollars (EUR503m) and employs some 2,000 associates worldwide.
In 2006, Bosch generated sales of some five billion euros with its braking systems business, which employs some 18,000 associates worldwide.
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