Business/economy

Following approval of antitrust authorities Bosch completes acquisition of SPX Service Solutions Purchase of U.S. diagnostics and service specialist expands product portfolio

  • Acquisition strengthens Bosch market position in workshop and repair business
  • Portfolio for brand-dependent workshops extended
  • Expansion of global presence in the diagnostics area
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  • December 04, 2012
  • Business/economy
  • Press releases

press release

Karlsruhe, Germany / Canton, USA, MI – Following approval by the antitrust authorities, Bosch has completed its acquisition of SPX Service Solutions, a U.S. automotive diagnostics specialist. The agreement to purchase the company was signed in January this year. SPX Service Solutions develops, manufactures, and sells service equipment, repair-shop accessories, and software for the global automotive market. Based in Canton, MI (USA), SPX Service Solutions generated sales of some 920 million dollars (some 660 million euros) in 2011. The diagnostics specialist employs some 2,800 associates in 17 countries, and has manufacturing sites in the U.S., Germany, France, and China. The purchase price is 1.15 billion dollars (some 885 million euros).

“In acquiring SPX Service Solutions, we will become a comprehensive supplier of solutions in the diagnostics and repair business. In expanding our portfolio and extending our global presence, especially in the U.S., we are strengthening our position,” said Robert Hanser, president of the Bosch Automotive Aftermarket division. “We will quickly merge our know-how and wealth of experience in this growing market. Our aim is to become the world’s leading supplier of diagnostics solutions for all makes of vehicles.”

Network of core competencies for a growing market
With automotive electronics becoming increasingly complex, the market for diagnostics solutions has a great deal of potential for growth. Up to now, Bosch has served this market with products and services for diagnosing, servicing, and repairing passenger cars and commercial vehicles, with brand-independent workshops as its main customers. The portfolio of SPX Service Solutions comprises engineering services for automakers, as well as accessories and services for workshops. Combining these complementary areas of competence will provide Bosch with a wider range of customers and a broader portfolio, and open up new market opportunities, especially in Asia Pacific and Europe.

Areas to be merged in the new “Automotive Service Solutions” business unit
The business activities of SPX Service Solutions will be integrated into the Bosch Automotive Aftermarket division, a leading supplier of aftermarket-specific products and services which generated sales of some 4.3 billion euros in 2011. As part of an integration project, the new “Automotive Service Solutions” business unit will be set up. The former Diagnostics business unit will also become part of this new business unit. All in all, these two business units generated sales of roughly one billion euros in 2011. Tanvir Arfi, who was president of SPX Service Solutions for many years, will be in charge of Automotive Service Solutions and its 4,200 associates. The unit’s world headquarters will be in Canton, MI (USA). The European operations of Automotive Service Solutions will be managed from the Plochingen location in Germany.

The Automotive Aftermarket division (AA) provides the aftermarket and repair shops worldwide with a complete range of diagnostic and repair shop equipment and a wide range of spare parts – from new and exchange parts to repair solutions – for passenger cars and commercial vehicles. Its product portfolio includes products made as Bosch original equipment, as well as aftermarket products and services developed and manufactured in-house. More than 18,000 associates in 150 countries, as well as a global logistics network, ensure that some 650,000 different spare parts reach customers quickly and on time. In its “Automotive Service Solutions” operations, AA supplies testing and repair-shop technology, diagnostic software, service training, and information services. In addition, the division is responsible for the “Bosch Service” repair-shop franchise, one of the world’s largest independent chains of repair-shops, with some 16,500 franchises. In addition, AA is responsible for more than 800 “AutoCrew” partners.

Additional information can be accessed at www.bosch-automotive.com

The Bosch Group is a leading global supplier of technology and services. In 2013, its roughly 281,000 associates generated sales of 46.1 billion euros. (NB: Due to a change in accounting policies, the 2013 figures can only be compared to a limited extent with the 2012 figures). Its operations are divided into four business sectors: Automotive Technology, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its roughly 360 subsidiaries and regional companies in some 50 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 further growth. In 2013, the Bosch Group invested some 4.5 billion euros in research and development and applied for some 5,000 patents. This is an average of 20 patents per day. The Bosch Group’s products and services are designed to fascinate, and to improve the quality of life by providing solutions which are both innovative and beneficial. In this way, the company offers technology worldwide that is “Invented for life.”

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

PI7968 - December 04, 2012

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