Business/economy

Commitment to Hungary Bosch opens new headquarters in Budapest 100 million euros to be invested by 2015

  • Further building under construction for engineering center
  • Entire complex has surface area of 50,000 m2
  • One billion euros invested in Hungary between 2004 and 2013
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  • July 31, 2013
  • Business/economy
  • Press releases
  • Videos: 2

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press release

Budapest – On July 31, 2013, the Bosch Group opened its new Hungarian headquarters in Budapest in the presence of the Hungarian national economy minister. The new facility is home to 350 associates in sales, administration, and engineering, all of whom previously worked in neighboring rented premises. In total, the supplier of technology and services intends to invest some 100 million euros in Budapest by 2015. The location will have a total surface area of 50,000 square meters, which corresponds to roughly six football fields. The facility will also include an engineering center, which is currently under construction. Following the center’s completion in 2015, some 850 engineers will be relocated there from the rented offices they currently occupy.

Bosch has been present in Hungary since 1899. This investment underlines the company's long-term commitment to the country. As the member of the board of management Uwe Raschke said during the ceremony: “For us, Hungary is an important manufacturing and engineering location with highly-qualified and motivated associates. This investment is a symbol of our confidence that the country will continue its positive development.” By the end of 2013, Bosch will have invested approximately one billion euros in its Hungarian locations since 2004.

Bosch in Hungary
In 2012, Bosch generated sales in Hungary including intercompany sales of more than 2 billion euros – that represents more than two percent of the country’s GDP and is an eightfold increase from ten years ago. Bosch in Hungary employs 8,500 associates in its business sectors Automotive Technology, Industrial Technology, Consumer Goods, and Energy and Building Technology.

Videos
http://videoportal.bosch-presse.de/startseitestartseiteBosch_Budapest.zip

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.”

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

PI8230 - July 31, 2013

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