· The company has focused its portfolio on innovative and networked software-systems

Stuttgart / Immenstaad – Bosch has acquired the Innovations Softwaretechnologie GmbH, headquartered in Immenstaad am Bodensee, Germany. The purchase price was not disclosed. Innovations Softwaretechnologie GmbH, set up in 1997, develops software solutions for international clients from the finance and insurance sectors, as well as from others. In the area of so-called rules management systems, Innovations is technologically one of the world market leaders. With its software, commercial and technical processes can be mapped and transferred flexibly into software systems. Based on this technology, Innovations offers sector-specific solutions for innovative client management and process compliance to financial institutions. The company also designs and carries out complex technology projects.

In fiscal 2007/2008, Innovations generated sales of 11.2 million euros, an increase of 20 percent as compared to the previous year. The company currently employs 120 associates and opened a subsidiary company in Chicago, Illinois, in 2007. "Innovations is a technological forerunner in important fields. Together with its highly qualified and motivated associates, we want to expand the business and continue to grow," said Dr. Heinz Derenbach, member of the executive management of Bosch's Corporate Sector Information Systems and Services. "By acquiring Innovations, we can extend our competencies in the area of networked systems and service-oriented software."

Bosch plans to build up a competence center for software and systems that is meant to operate independently in the market and to carry out innovative software projects in cooperation with Bosch divisions. In Innovations Softwaretechnologie GmbH, Bosch has found a high-performance partner for the development of this new business field.

The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 275,000 associates generated sales of 38.2 billion euros in fiscal 2009. The Bosch Group comprises Robert Bosch GmbH and its more than 300 subsidiaries and regional companies in over 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 the foundation for growth. Each year, Bosch spends more than 3.5 billion euros for research and development, and applies for some 3,800 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH. Additional information can be accessed at www.bosch.com.

PI6384 - September 08, 2008