Bosch to Sell Off Security Products Portfolio
Bosch is realigning its Building Technologies division: in the future, the division is to focus on its regional integrator business, with solutions and services for building security, energy efficiency, and building automation. The company plans to sell most of the Building Technologies division’s product business. This includes the Video, Access and Intrusion, and Communication business units, and affects some 4,300 associates at more than 90 locations worldwide. Bosch is now looking for a buyer who will take on all three business units together with their associates and locations. The product business with fire-alarm systems, by contrast, is not to be sold. Because of its importance for systems integration, it is to be merged with the integrator business and continued.
“We are confident we will be able to find a buyer who will take over all three business units, and who will further strengthen the business and give it a secure future.” He explained that, for strategic reasons, Bosch does not intend to develop this business further. Thomas Quante, the president of Bosch Building Technologies, added: “The product business is excellently positioned for a promising future under a new owner: innovative products, highly skilled associates, and a market environment with attractive opportunities for growth.”
Following the realignment, the Building Technologies division will employ some 7,600 associates, and operate at 40 locations in 8 countries. As a brand-independent systems integrator with a wide-ranging portfolio of energy and building solutions, the division intends to benefit in the future from digitalization and a growing customer demand for integrated, intelligent, and cross-domain solutions in the areas of building security, energy efficiency, and building automation.