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Sale concluded: New owner and new name for BMTS

  • Sale to FountainVest Partners of former joint venture between Bosch and MAHLE complete
  • Renamed BMTS Technology
  • Aiming for a sustainable market position

Stuttgart, March 12th, 2018 – The sale to FountainVest Partners of Bosch Mahle Turbo Systems, the former joint venture between the Bosch Group and the MAHLE Group, has been successfully concluded as planned. All necessary antitrust and other approvals have been granted. The company will operate under the new name BMTS Technology going forward.

FountainVest Partners, a private equity investor based in Hong Kong, intends to capitalize on the successes of the past and develop BMTS Technology further. With the company’s technological expertise, its portfolio of well-known customers, and the continued favorable market growth forecasts for exhaust gas turbochargers, the ideal foundations are in place to position BMTS Technology sustainably in the global automotive supplier market.

FountainVest has the strategic and long-term interest and experience in investing in the automotive supplier industry internationally to continue the successful development of BMTS Technology. By taking on all the facilities as well as retaining the BMTS brand name and the German DNA of the company, continuity and recognition will be ensured under the new ownership structure.

Corporate Communications contact

Volker Brielmann

Phone: +49 711 75879-169

E-mail: presse@bmturbosystems.com

BMTS Technology

BMTS Technology develops and manufactures innovative exhaust gas turbochargers for passenger cars, light commercial vehicles, and off-highway applications. These products increase the efficiency of engines, decrease their emissions, and thus make them more environmentally friendly while maintaining the same driving pleasure. Founded in 2008, BMTS employs approximately 1,300 people at locations in Stuttgart and Blaichach in Germany, St. Michael in Austria, and Shanghai in China.

Further information is available at www.bmts-technology.com.

FountainVest Partners

FountainVest is a private equity investor backed by global institutional investors and is based in Hong Kong. FountainVest focuses on long-termoriented investments and targets industry leaders in the industrial, consumer and retail, media and entertainment, and healthcare sectors. FountainVest works closely with management teams to create value in the areas of strategy, operations, finance, industry consolidation, and governance.

Further information is available at www.fountainvest.com.

Tags: Business/ economy

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.