Business/economy

Global presence Bosch sees positive development in Australia Member of the Australia-Germany Advisory Group

  • Bosch records successful first half year in Australia
  • Expansion of Australia headquarters
  • Important manufacturing and engineering location
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  • July 10, 2015
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press release

Berlin/Clayton – Bosch is participating in the talks of the Australia-Germany Advisory Group, which is holding its first working session on July 10 in Berlin. The Bosch Australia president Gavin Smith is one of the delegation’s 15 members. “The Advisory Group offers a valuable opportunity for Bosch to help deepen joint understanding of essential market trends and potential,” Smith said at the meeting. “Our objective is to open up new market segments in Australia with innovative solutions and technologies,” he added. The committee is headed by the Australian minister for finance Mathias Cormann and the German minister of state at the Federal Foreign Office Maria Böhmer. It was established in November 2014 by the German chancellor Angela Merkel and the Australian prime minister Tony Abbott.

Bosch sees good long-term opportunities in Australia
The global supplier of technologies and services again recorded positive development in Australia. “In the first half of 2015 our business developed well. We are confident in the market’s long-term prospects,” Smith said. Bosch Australia posted sales of around 300 million euros in 2014 and currently employs some 1,300 associates.

Important engineering location in Asia Pacific
Along with manufacturing automotive electronics, Bosch also conducts development in Australia. Its 200 engineers work predominantly on projects for international automotive customers. A Bosch center of competence for trailer safety was recently opened in Australia, which will host the development of solutions for the global market. In addition, the local engineering team applies its expertise to the areas of energy and rail. “Australia is an important location in our R&D network – both in Asia Pacific and worldwide,” said Peter Tyroller, the member of the Bosch board of management responsible for Asia Pacific.

Investment in new headquarters underlines commitment
The Bosch Group has been active in Australia since 1907. The regional company was established in 1954. Today, all four business sectors have activities in the country at three locations (Clayton, Melbourne, and Sydney). Over the past ten years, Bosch has invested more than 150 million euros in the region. The company is currently investing some 27 million euros in the expansion of its regional headquarters in Clayton, Victoria. The new facilities are due for completion next year. “This investment underlines our confidence in the future development of our business in this region,” Smith said.

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Agnes Grill Phone: +49 711 811-38140

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.

PI8983 - July 10, 2015

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