Business/economy

Change to ownership structure Bosch intends to acquire all shares in ZF Lenksysteme

  • ZF Lenksysteme: approximately 4.1 billion euros in sales, more than 13,000 associates in eight countries in 2013
  • Sales of electric steering systems growing
  • Products for more efficient, automated, and connected vehicles
Stuttgart – Bosch is planning to increase its stake in ZF Lenksysteme GmbH (ZFLS) to 100 percent. On September 15, 2014, Robert Bosch GmbH and ZF Friedrichshafen AG signed an agreement to this effect. Up to now, ZFLS, based in Schwäbisch Gmünd, Germany has been a 50:50 joint venture between Bosch and ZF. Employing more than 13,000 associates in eight countries, ZFLS develops, produces, and sells steering systems for passenger cars and commercial vehicles worldwide. In 2013, it registered sales of approximately 4.1 billion euros. With a total of 20 locations, the company is active in the world’s most important automotive markets. Alongside locations in Europe, the U.S., and China, ZFLS also produces in India, Brazil, and Malaysia. The transaction is subject to approval by the antitrust authorities. It has been agreed that the purchase price will not be disclosed.

“With its complete takeover of ZFLS, Bosch is strengthening its ability to actively shape the future of mobility. The company is a technological leader in the growth area of electric power steering, and precisely this is the core technology for automated driving, for more efficient vehicles, and also for electric cars,” said Dr. Volkmar Denner, chairman of the board of management of Robert Bosch GmbH.

ZFLS already generates some 60 percent of its total revenue with modern, fuel-efficient electric power steering systems. One reason for the success of efficient steering systems is their potential to reduce consumption: for instance, a mid-size vehicle with a two liter engine can see fuel savings of up to 0.8 liters per hundred kilometers. This also reduces emissions by up to 20 grams of CO2 per kilometer. In addition, electric power steering in cars is an essential component for many assistance systems. For example, lane-keeping assistants rely on it to automatically keep the car on course. During start-stop coasting, which involves the engine shutting off while coasting, electric support ensures that steering behavior remains the same.

Continuous growth
“Since 1999, ZFLS has experienced strong growth, and has also developed very successfully as a result of the excellent collaboration between ZF and Bosch. I would like to sincerely thank all ZFLS associates for their hard work and dedication over the years,” said Dr. Stefan Sommer, the CEO of ZF Friedrichshafen AG. “In order to continue to be able to meet the demands of an ever more dynamic business environment, Bosch and ZF have decided to change the ownership structure of ZFLS.”

The success of ZFLS does not depend only on the number of innovations the company has brought to market. “It also depends on the associates – their attention to quality, their unfailing commitment, and their identification with the products are crucial success factors for ZF Lenksysteme,” said Wolf-Henning Scheider, member of the board of management of Robert Bosch GmbH and spokesperson for the Automotive Group. “With Bosch as our parent company, we have a reliable partner on our side, with which we can continue to successfully pursue technological innovation and economic growth,” said Dr. Marcus Parche, deputy chairman of the ZFLS board of management.

Innovation-driven company
In total, around 1,400 ZFLS associates, or more than one in ten, work in engineering. In 2013, the company spent roughly 238 million euros on research and development. Since its establishment, ZFLS has filed around 750 patents. A main focus of R&D activities is the networking of components into complete systems via specific software. For example, ZFLS made a solution ready for series production using components produced by its parent companies, which allows a car hooked up to a trailer to be maneuvered from the curbside with a smartphone.

A compact, locally-engineered, particularly cost-effective electric power steering system for Asian markets shows that the company not only offers solutions for the premium segment. This means that even customers who drive more affordable compact cars can benefit from the increased efficiency offered by ZFLS products.

Positioned to meet a broad spectrum of market demands
“ZFLS’s innovative strength and international presence – particularly in Asia and North America – enable it to benefit from growth in stronger economies,” said Scheider. “ZFLS is especially characterized by its proximity to customers. Whether as a supplier of individual components or provider of complete systems, ZFLS is a respected partner for automakers and also locates operations close to its customers wherever in the world they do business.” As part of its internationalization strategy, ZFLS has recently been focusing its investments on North America and Asia.

Contact person for press inquiries:
Robert Bosch GmbH
Udo Rügheimer,
Phone +49 711 811-6283
René Ziegler,
Phone +49 711 811-7639

ZF Friedrichshafen AG
Andreas Veil
Phone: +49 7541 77-7925
Email: andreas.veil@zf.com

About Bosch:

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.”

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, www.bosch-press.com, http://twitter.com/BoschPresse.

About ZF:

ZF is a worldwide leading technology company in driveline and chassis technology with 122 production companies in 26 countries. In 2013, the Group achieved a sales figure of EUR 16.8 billon with approximately 72 600 employees. In order to continue to be successful with innovative products, ZF annually invests about five percent of its sales (2013: EUR 836 million) in research and development. ZF is one of the ten largest automotive suppliers worldwide.

For further press information and photos please visit: www.zf.com.

More
Add to my press materials
  • September 15, 2014
  • Press releases
  • Business/economy

Dr. Wolfgang Malchow to join Robert Bosch Industrietreuhand KG

Stuttgart – Effective July 1, 2014, the partners of Robert Bosch Industrietreuhand KG have decided to accept Dr. Wolfgang Malchow (64) as a further limited partner.

Since the start of 2012, Malchow, who has a PhD in law, has been a member of the supervisory board of Robert Bosch GmbH. Prior to that, he was director of industrial relations and a member of the board of management of Robert Bosch GmbH.

Robert Bosch Industrietreuhand KG exercises the entrepreneurial ownership rights at Robert Bosch GmbH. From July 1, 2014, it will comprise eleven partners. The two managing partners are Franz Fehrenbach and Tilman Todenhöfer.

More
Add to my press materials
  • June 26, 2014
  • Press releases
  • Business/economy

World's leading supplier Four billion Bosch MEMS sensors Key technology for the internet of things

  • Technological trends: a greater range of measurable variables and increased intelligence
  • After cars and smart phones, now the internet of things is driving market growth
  • Every second smart phone worldwide uses Bosch sensors
Micro-electro-mechanical systems (MEMS) sensors are indispensable in cars and smart phones today. These tiny sensors are becoming ever smarter, more compact, and more energy efficient. With help from MEMS sensors, even more things can become connected; in fact, anything can connect with anything else on the internet of things – including things that have never before featured electronics, such as windows and doors. This means more comfort, safety, and energy efficiency.

Bosch provides sensors for a range of uses in the automotive and consumer electronics industries. For instance, MEMS sensors measure pressure, acceleration, rotary motion, mass flow, and the earth's magnetic field, and act as the sensory organs for cars or smart phones. Bosch has been producing these sensors for vehicles since 1995. A yaw-rate sensor that records the rotary moments around its vertical axis is at the heart of ESP, for example, and today each modern vehicle is home to up to 50 MEMS sensors. Thanks to Bosch Sensortec acceleration sensors, a smart phone or tablet knows how it is being held, and adjusts the image accordingly. Tiny MEMS microphones made by Akustica, a wholly-owned subsidiary of the Bosch Group, detect sounds and speech. Now every second smart phone worldwide uses Bosch sensors.

Bosch has been at the forefront of MEMS technology since it first emerged, and is the world's leading supplier in this extremely dynamic market, as the experts at IHS Technology and Yole Développement have confirmed. Since the start of production in 1995, Bosch has manufactured well in excess of four billion MEMS sensors. In 2013, around one billion sensors emerged from its state-of-the-art wafer fab in Reutlingen – or three million each day. “Bosch is the only supplier that manufactures sensor types for so many different applications itself. Overall, Bosch holds more than 1,000 patents and patent applications related to MEMS technology to ensure we stay on top of our innovative capacity,” says Klaus Meder, president of the Bosch Automotive Electronics division.

Technological trends: smarter and capable of measuring more
MEMS sensors can measure an ever greater range of variables. In early 2014, Bosch Sensortec unveiled a world exclusive in sensor technology – the BME280 integrated unit, which combines sensors for pressure, humidity, and temperature in a single housing. The new unit was specially developed for applications related to environmental monitoring, indoor navigation, smart homes, personalized weather stations, and sports and fitness. Within a second, it can determine humidity – the fastest response time in the industry. It also offers remarkably precise measurement of ambient temperature and impressively low energy consumption. In addition, Bosch is making its sensors increasingly smart. Production is about to begin on the first sensor for measuring physical variables, such as acceleration, rotary motion, and the earth's magnetic field, and it will also include a micro-controller for evaluating readings.

Key technology for the internet of things
The introduction of MEMS sensors in automotive electronics in the 1980s and 1990s marked the first wave of their surging popularity. The second major wave has been their widespread use in smart phones since the beginning of the 21st century – and the internet of things now heralds the third wave. Sensors, signal processing, batteries, and transmitters have become so small, energy efficient, and economical – even as all-in-one units – that they can be used in their billions. At the same time, radio networks are available almost everywhere. This makes MEMS the key technology for connecting things over the internet. MEMS must be equipped with a radio chip and a battery, and they must possess software intelligence, because only relevant data should be transmitted to the internet, not raw data. This local data processing calls for the special kind of systems expertise that Bosch brings to the table. In 2013, Bosch launched a door sensor that reports suspicious movements to the home owner's smart phone. In the future, windows will control the heating or alarm system via unobtrusive sensors, and bracelets with embedded sensors will call for help if their wearer suffers a fall. Web-enabled sensor technology will be in everything that is “smart,” not just in smart phones.

Internet of things offers great business potential
A key aspect of Bosch's future sales growth is web-enabled products and web-based services. The company considers itself well-positioned for such growth thanks to its hardware know-how and broad technological expertise. To unlock this business area, Bosch founded Bosch Connected Devices and Solutions GmbH at the end of 2013. It supplies compact electronic products and software expertise designed to make devices intelligent and web-enabled across a broad range of applications. The focus is on the development of connected sensors and actuators. Actuators convert electrical signals from sensors and control units into a physical action, such as automatically switching a light on and off or opening and closing a valve. Initially, business activities are concentrating on sensor-based applications for intelligently networked homes, or “smart homes,” as well as activities in the fields of traffic, transportation, and logistics – because in the future, consignments of critical goods will be able to transmit data on any unusual status changes directly to logistics centers.

Technical information about MEMS sensors
MEMS sensors contain the finest silicon structures. As the casing moves, these structures shift a fraction of a thousandth of a millimeter – and their electrical properties change in the process. These properties can be measured and converted into a data stream. The dimensions are incredibly small; while a human hair has a diameter of 70 thousandths of a millimeter (70 micrometers), some components measure only four micrometers – that is 17 times smaller than the diameter of a single human hair. Since the micromechanical sensor produces only weak electrical signals, the developers built in another electronic component – sometimes in the casing beside the sensor, sometimes even directly on the same chip. This second component processes, amplifies, and converts the weak signal into digital data. In this way, MEMS (micro-electro-mechanical systems) sensors can supply control units directly with readings.

More information is available online:
Sensors for increased safety in vehicles: new generation of Bosch inertial sensors
Simplifying development of airbag systems: new Bosch acceleration sensors
Bosch is top MEMS maker in 2013
Bosch sensors for automobile electronics
Bosch sensors for consumer electronics
MEMS microphones
Bosch sets up company for internet of things and services
Sensors – how technology maps the world around it
MEMS: the stars of the sensor world
Car-to-X: the future is about connectivity
Greater safety with peripheral sensors
Internet-enabled MEMS sensors

Videos:
Gyroscope for ESP: how it works
Pressure sensor: how it works
Acceleration sensor: how it works
MEMS sensor manufacturing
Bosch MEMS enabling the Internet of Things and Services

Bosch Sensortec GmbH is a fully owned subsidiary of Robert Bosch GmbH, dedicated to the consumer electronics world offering a complete portfolio of micro-electro mechanical systems (MEMS) sensors and solutions that enable mobile devices to feel and sense the world around them. Bosch Sensortec develops and markets a wide portfolio of MEMS sensors and solutions for smart phones, tablets, wearable devices and IoTS (Internet of Things & Services) applications.

The product portfolio includes 3-axis acceleration, gyroscope and geomagnetic sensors, integrated 6- and 9-axis as well as environmental sensors and a comprehensive software portfolio. Since its foundation in 2005 Bosch Sensortec emerged as the technology leader in the addressed markets. The Bosch Group has been the global market leader for MEMS sensors since 1998 and has to date sold more than 4 billion MEMS sensors.

For more information, go to www.bosch-sensortec.com.

Akustica is a wholly owned subsidiary of the Bosch Group and a top supplier of silicon microphone products that are improving voice-input quality in a host of voice-enabled applications, from mobile phones, laptops, tablets, to small wearable accessories like headsets. The company offers worldwide customer support services, from design-in services to post-production quality assurance. Akustica is a global organization with corporate headquarters in Pittsburgh, PA, regional offices in Taiwan and Shanghai, and a worldwide team of distributors.

For more information about Akustica, go to: www.akustica.com.

Automotive Technology is the largest Bosch Group business sector. In 2013, its sales came to 30.6 billion euros, or 66 percent of total group sales. This makes the Bosch Group one of the leading automotive suppliers (NB: Due to a change in accounting policies, the 2013 figures can only be compared to a limited extent with the 2012 figures). Automotive Technology largely operates in the following areas: injection technology for internal-combustion engines, alternative powertrain concepts, efficient and networked powertrain peripherals, systems for active and passive driving safety, assistance and comfort functions, technology for user-friendly infotainment as well as car-to-car and Car2X communication, and concepts, technology, and service for the automotive aftermarket. Bosch has been responsible for important automotive innovations, such as electronic engine management, the ESP anti-skid system, and common-rail diesel technology.

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.

More
Add to my press materials
  • June 25, 2014
  • Press releases
  • Business/economy

Expansion of our global presence Bosch to extend Turkish location in Bursa 300 million euros between 2013 and 2015

  • Extension of high-pressure injector manufacturing for diesel vehicles
  • Roughly 500 new jobs to be created by end of 2014
Stuttgart/Bursa – The Bosch Group is further expanding its presence in Turkey. Between 2013 and 2015, the international technology and services company will be investing some 300 million euros in the extension of its existing location in Bursa, 90 kilometers south of Istanbul. By the end of this year, Bosch intends to create around 500 jobs there. High-pressure injectors for diesel passenger cars will be manufactured in the new production hall, primarily for European automakers. “By making this investment, Bosch is demonstrating its confidence in the Bursa location, which is characterized by the dedication of its associates and the outstanding quality of its operations,” said Steven Young, the Bosch Group's representative in Turkey, at the opening of the new production facility.

Lower emissions, reduced consumption
The new 6,000-square meter hall will house production of the CRI2-20 diesel injector, which can inject fuel at pressures of up to 2,000 bar. The pressure generated is equivalent to what an elephant would exert standing on a fingernail. The higher pressure reduces emissions as well as fuel consumption. This allows the fulfillment of the more stringent requirements of the Euro-6 emissions standards, which come into force in September 2014 for all new vehicles sold in the European Union. From 2016, equivalent emissions standards will apply in Turkey as well.

Bosch already supplies injectors manufactured in Bursa for a quarter of all diesel cars produced in Europe. In addition, products such as gasoline injection systems and components for drive and control technology are manufactured at the Bursa location. The location has already been recognized numerous times for its outstanding quality. Among other things, it has already received the European Foundation for Quality Management's (EFQM) prestigious “Best Company in Europe” award twice.

Bosch in Turkey
Bosch has been present in Turkey since 1910. All four Bosch business sectors – Automotive Technology, Industrial Technology, Consumer Goods, and Energy and Building Technology – have operations in the country. The first Bosch plant in Turkey was in Bursa, where production of diesel injection components was rolled out in 1973. Since then, the plant has been expanded several times, and the floor area of its manufacturing operations has grown to more than 200,000 square meters. Today, Bosch has eight locations in Turkey. In 2013, the company generated sales in the local market of some 510 million euros with a workforce of roughly 8,200 associates. Including all exports, particularly to EU countries and Asia, the Bosch companies in Turkey registered sales of three billion euros in 2013.

For the Bosch Group's global operations, Turkey is now an important manufacturing and export location, and is growing in importance as a research and development location as well. As early as 2009, an engineering center for injection technology was established in Bursa. In Manisa and Cerkesköy, Bosch associates are also developing new products such as gas-fired boilers and household appliances. The company has spent nearly 70 million euros on R&D in Turkey over the last three years, and employs some 330 local engineers.
More
Add to my press materials
  • June 23, 2014
  • Press releases
  • Business/economy