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Bosch expands Engineering Center in Budapest

120 million euros investment in a first phase

  • First phase of new complex to open in 2021
  • Focus on automated and electrified mobility
  • New 10,000 square meter Bosch proving ground in Hungary

Budapest, Hungary – The Bosch Group started an expansion of its Engineering Center campus in Budapest. The leading global provider of technologies and services will complete the new section of the campus in two phases on an area of 90,000 square meters. Bosch will invest 120 million euros in the first phase, which is planned for completion by 2021. It will provide space for 1,800 associates.

The Engineering Center Budapest was established in 2005 and plays an important role in the further development of automated and electrified mobility. It is one of the foremost research, development and test facilities for automotive electronics within the Bosch Group. “The expansion of the Engineering Center Budapest and the respect it has earned in the industry are down to the expertise and commitment of engineers working in Hungary,” said Daniel Korioth, Representative of the Bosch Group in Hungary at the stone laying ceremony.

The first phase of the campus expansion will include the main building with creative spaces, a conference hall, a large vehicle workshop and a canteen as well as laboratories with a special chamber for testing whole vehicles. Another key element will be a 10,000 square meter proving ground for testing ultrasonic-, radar- and camera-based driver assistance systems.

Bosch in Hungary

The Bosch Group has been present in Hungary since 1898. In 2017, it generated sales of close to 790 million euros in the Hungarian market and 4.2 billion euros of sales including deliveries to other Bosch companies. The company is represented in Hungary with its four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Bosch currently employs 13,500 associates in Hungary – approximately 2,500 of whom are researchers and developers making Hungary Bosch’s largest R&D location in Europe after Germany. The company has a total of five Hungarian production sites, where it manufactures automotive technology, e-bike components, industrial technology, and power tools.

Tags: Ebike, Electrified mobility, Automated Mobility, Budapest, industrial technology, creative spaces, power tools, driver assistance system, vehicle workshop, Engineering Center, Hungary

About Bosch

The Bosch Group is a leading global supplier of technology and services. It employs roughly 402,000 associates worldwide (as of December 31, 2017). The company generated sales of 78.1 billion euros in 2017. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.

As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. 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 Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 125 locations across the globe, Bosch employs some 64,500 associates in research and development.

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 upfront 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.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPresse.

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