Thermotechnology

Thermotechnology Division Bosch plans to acquire Brazilian manufacturer of solar thermal systems Heliotek Expansion of the market position in Brazil

  • Heliotek, Sao Paulo: some 120 employees and approximatively 12 million euros in sales in 2011
  • Bosch’s Thermotechnology Division to be the first international manufacturer with own solar thermal production facilities in the growing Brazilian market
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  • May 29, 2012
  • Thermotechnology
  • Press releases

press release

Wetzlar/Sao Paulo – Bosch’s Thermotechnology Division plans to acquire Heliotek Maquinas e Equipamentos Ltda. head-quartered in Sao Paulo, a Brazilian manufacturer of solar thermal systems and heat pumps for domestic hot water heating. The respective agreement was signed by Bosch, the Monier Group, that holds 51 percent of shares in Heliotek, and by the owners of the remaining 49 percent of shares, on May 28, 2012 in Sao Paolo. The transaction is subject to local regulatory approvals. The parties agreed not to disclose the purchase price. In 2011 Heliotek generated revenues of about 12 million euros and employed some 120 people.

Heliotek develops, produces, and markets solar thermal systems and heat pumps for domestic hot water heating in small and large residential buildings as well as for commercial applications such as hotels, schools and sports centers. The products are manufactured in Alphaville and marketed via a nationwide distribution network to some 200dealers.

“Heliotek’s solar thermal systems and heat pumps for domestic hot water heating ideally complement our existing product portfolio in Brazil in the gas water heating and air conditioning segments. The company’s distri­bution channels will give us access to one of the most promising solar thermal markets of the world,” said Uwe Glock, President of Bosch’s Thermotechnology Division. “The acquisition allows us to become the first international manufacturer with own solar thermal production facilities in the dynamic Brazilian growth market and to further expand our market position in Brazil. Heliotek will be expanded to a regional competence centre of Bosch's Thermotechnology Division in Latin America and will cooperate with the other worldwide Bosch Thermotechnology locations to make an important contribution to the development of sustainable and resource-efficient technologies.

Bosch Thermotechnology is a leading European manufacturer of energy-efficient heating products and hot water solutions. In fiscal 2015, the company generated sales of 3.3 billion euros (68 percent outside Germany) and employed approx. 13 400 people. Bosch Thermo­technology has strong international and regional brands and manufactures a diversified product range in Europe, America and Asia.

Further information is available online at www.bosch-thermotechnology.com.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 375,000 associates worldwide (as of December 31, 2015). The company generated sales of 70.6 billion euros in 2015. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing and sales network covers some 150 countries. The basis for the company’s future growth is its innovative strength. Bosch employs 55,800 associates in research and development at 118 locations across the globe. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.”

Further information is available online at www.bosch.com, www.bosch-press.com, http://twitter.com/BoschPresse.

PI7753 - May 29, 2012

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