ZF plans to acquire Bosch Rexroth’s large gearbox business

Agreements have been signed

ZF Friedrichshafen plans to acquire Bosch Rexroth’s large gearbox business. Agreements to this effect were signed on May 13th, 2015. The acquisition is subject to approval by the antitrust authorities.

Large gearboxes are used in wind turbines, as well as in industrial and mobile applications such as tunnel-boring machines and mining excavators. Apart from the lead location in Witten, Germany, and the generator gear plant in Beijing, China, the unit’s service location in Lake Zurich, IL (USA) will also be transferred to ZF. All in all, the unit employs more than 1,200 associates. It has been agreed that the purchase price will not be disclosed.

“We are confident that our large gearbox business will benefit from ZF’s transmission expertise, and be able to make the best possible use of its growth opportunities in the new unit to be created at ZF,” says Karl Tragl, the chairman of the board of management of Bosch Rexroth AG. Over the past few years, he added, Bosch Rexroth has taken the business forward successfully. “The development of new wind-turbine gears especially exposed to weak winds was a deliberate expansion of our product range,” Tragl says. In the future, he went on, Bosch Rexroth will focus more intensively on its core business of industrial and mobile applications.

Commenting on the transaction, ZF’s CEO Dr. Stefan Sommer says: “In acquiring Bosch Rexroth’s large gearbox business, we are making an ideal addition to our industrial technology portfolio and opening up a new customer base.” His colleague Wilhelm Rehm, who is the board member responsible for Corporate Materials Management and Industrial Technology, adds: “We are glad to welcome an experienced workforce with more than 30 years of expertise in manufacturing and developing wind turbine gearboxes, not to mention more than half a century of know-how in industrial gearboxes. In making Witten the headquarters of our new Industrial Drives business unit, we are recognizing this fact.”

Bosch Rexroth will not be selling the small gearboxes it manufactures above all for mobile machinery. Part of the Mobile Applications business unit, these gearboxes are manufactured at the Bosch Rexroth locations in Nuremberg (Germany), Beijing (China), and Bursa (Turkey).

Economical, precise, safe, and energy efficient: drive and control technology from Bosch Rexroth moves machines and systems of any size. The company bundles global application experience in the market segments of Mobile Applications, Machinery Applications and Engineering, Factory Automation, and Renewable Energies to develop innovative components as well as tailored system solutions and services. Bosch Rexroth offers its customers hydraulics, electric drives and controls, gear technology, and linear motion and assembly technology all from one source. With locations in over 80 countries, more than 33,700 associates generated sales revenue of approximately 5.6 billion euros in 2014.

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The Bosch Group is a leading global supplier of technology and services. It employs roughly 360,000 associates worldwide (as per April 1, 2015). The company generated sales of 49 billion euros in 2014.* Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.
The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in some 60 countries. Including its sales and service partners, Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. In 2014, Bosch applied for some 4,600 patents worldwide. The Bosch Group’s strategic objective is to create solutions 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.”

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*The sales figure disclosed for 2014 does not include the former joint ventures BSH Bosch und Siemens Hausgeräte GmbH (now BSH Hausgeräte GmbH) and ZF Lenksysteme GmbH (now Robert Bosch Automotive Steering GmbH), which have since been taken over completely.


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