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ads-tec and Bosch strengthen their activities in the field of electric power storage systems and charging infrastructure

Bosch acquires interest in ads-tec Energy

  • “Our investment in ads-tec Energy is the perfect strategic fit for our forward-looking positioning as a digital climate and energy company,” said Uwe Glock, Chairman of Bosch Thermotechnology
  • “By joining forces with Bosch, ads-tec will be able to push ahead with the successful development of decentralised, digital energy systems more effectively and on a much larger scale,” says Thomas Speidel, CEO of ads-tec
Silke Bartels

Silke Bartels >

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Silke Bartels

Silke Bartels
Press contact for Bosch Thermotechnology

Nürtingen/Wetzlar - Bosch and ads-tec will pool their activities in the market for electric storage systems and their management. For this purpose, Bosch Thermotechnology will acquire a 39% stake in ads-tec Energy GmbH, a wholly-owned subsidiary of ads-tec Group, Nürtingen. The corresponding agreement was signed in Wernau on 12 October 2018. The transaction is subject to the approval of the anti-trust authorities. The parties agreed not to disclose the financial details of the agreement.

“In cooperation with ads-tec Energy, we can offer comprehensive systems for local energy management in buildings and housing estates, thus making an important contribution to the energy transition. Our investment in ads-tec is the perfect strategic fit for our forward-looking positioning as a digital climate and energy company,” said Uwe Glock, Chairman of the Board of Management of Bosch Thermotechnik GmbH. “We are looking forward to cooperating with Bosch Thermotechnology and to the new possibilities this cooperation will open up. Decentralised, digital electric energy systems will be developed out of a niche to become a regular feature of our everyday life. Renewable energy, electromobility and the increasingly important role played by electric energy in the heat sector are growth drivers for new products and solutions. We ideally complement each other and will mutually add value to our activities,” added Thomas Speidel, CEO of ads-tec and President of Bundesverband für Energiespeicher (BVES - Federal Energy Storage Association).

Glock and Speidel see great potential for local electric energy management in cities and housing estates. Intelligent sector coupling is key to meeting the demands people make on the energy supply in their neighbourhoods. For companies operating in this sector it is important to position themselves as strong suppliers of integrated systems solutions and services.

Sector coupling means that different forms of energy such as electricity, gas as well as heat and cold are connected and transformed using heat pumps, cogeneration units, fuel cells, photovoltaic systems and, going forward, increasingly also electromobility. A growing number of such products and solutions are developed also for private households, industrial enterprises, energy suppliers and infrastructure operators, with digitisation and intelligent management playing a critical role. In this context, the Internet of Things also becomes the Internet of Local Energy Supply.

Contact persons for press inquiries:
Bosch
Silke Bartels
Phone: +49 6441 418-1711
silke.bartels@de.bosch.com

ads-tec
Eva-Maria Speidel
Phone: +49 7022 2522-1101
EM.Speidel@ads-tec.de

Bosch Home Comfort Group is a leading European provider of smart, sustainable and energy-efficient heating, cooling, well-being and process heat solutions. In fiscal 2023, the company generated sales of 5 billion euros and employed approx. 14,600 people. Bosch Home Comfort Group combines several international and regional brands under its umbrella and produces a comprehensive product portfolio in Europe, America and Asia.

Additional information is available online at www.bosch-homecomfortgroup.com

ADS-TEC Group is a family business in the second generation whose two subsidiaries operate in the Industrial IT and Energy segments. The Industrial IT Division develops and supplies industrial computer and IT systems used in sectors such as automation, logistics, medical, automotive and mechanical engineering. These include security solutions like firewalls or industrial infrastructure components. A cloud solution enables secure networking, decentralised management and the provision of services relating to all aspects of Industry 4.0. ADS-TEC’s Energy Division develops and supplies intelligent battery storage and energy management systems. ADS-TEC Energy products and solutions are available for private homes, commercial and industrial operations as well as for energy infrastructures including self-sufficient energy supplies. The product portfolio also includes storage-based fast-charging systems for electric cars, which offer a high charging performance and short charging times where only limited grid power is available. Besides its headquarters in Nürtingen, ADS-TEC also maintains a production facility in Dresden. All of the group’s products are developed and manufactured inhouse in Germany.

For more information, visit www.ads-tec.de

The Bosch Group is a leading global supplier of technology and services. It employs roughly 429,000 associates worldwide (as of December 31, 2023). The company generated sales of 91.6 billion euros in 2023. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. With its business activities, the company aims to use technology to help shape universal trends such as automation, electrification, digitalization, connectivity, and an orientation to sustainability. In this context, Bosch’s broad diversification across regions and industries strengthens its innovativeness and robustness. Bosch uses its proven expertise in sensor technology, software, and services to offer customers cross-domain solutions from a single source. It also applies its expertise in connectivity and artificial intelligence in order to develop and manufacture user-friendly, sustainable products. With technology that is “Invented for life,” Bosch wants to help improve quality of life and conserve natural resources. The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. Bosch’s innovative strength is key to the company’s further development. At 136 locations across the globe, Bosch employs some 90,000 associates in research and development, of which nearly 48,000 are software engineers.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com.

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