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, 2017-05-05

Bosch Rexroth plans takeover of Hydraulic System Division of Maestranza Diesel in Peru

  • Increasing mining activities in Peru bring significant growth potential for the coming years
  • Acquisition will strengthen market presence in South America

Lima, Peru. Bosch Rexroth sees great potential for growth in the mining and construction industries in Peru. This is why Bosch Rexroth is now planning to take over the hydraulic business unit of Maestranza Diesel based in Lima/Peru. Maestranza Diesel is a long standing partner of Bosch Rexroth who distributes Bosch Rexroth products such as hydraulic motors, pumps, and valves to the Peruvian mining and construction industries and provides field services.

Agreements to the planned takeover were signed on May 3rd, 2017. The takeover of the Hydraulic System Division with its 27 associates is subject to final approval by the authorities in relevant jurisdictions. It has been agreed that the purchase price will not be disclosed.

“This acquisition is of great strategic importance to us. Together with the Maestranza Diesel team, we will be able to lift the growth potential in the Peruvian mining and industrial automation market,” says Manfred Al-Kayal, regional president of Bosch Rexroth in South America.

In Peru, mining and construction industries show a great potential for growth for the coming years. The Peruvian mining industry is very competitive on the global market. The reasons for this are high mining revenues, relatively low energy costs in Peru due to large natural gas reserves and the local salary structure. Only the mining activities increased about 9.5 percent in 2015. Other Bosch Rexroth-relevant activities as Energy, Manufacturing Industry and Marine & Offshore are also showing considerable growth.

The hydraulic business unit of Maestranza Diesel has a very sound knowledge of the local market and its own long-established customer base. With the planned acquisition Bosch Rexroth will get direct market access and can respond much quicker and stronger to the wishes and needs of its customers in Peru.

In 2014, Bosch Rexroth acquired the hydraulic system division of Maestranza Diesel in Chile. Since this takeover, the newly founded Bosch Rexroth Chile expanded its presence throughout the country inaugurating three locations (Santiago, Concepción and Antofagasta) and built up its market leadership by increasing its turnover in Chile by 50 percent.

“After the acquisition of the hydraulic system division of Maestranza Diesel in Chile in 2014, the acquisition of the hydraulic business unit of Maestranza Diesel in Peru will now enable us to expand our presence as solutions provider in the industrial automation sector in South America,” says Al-Kayal.

Already since 1964 Bosch Rexroth is represented with subsidiaries in South America. The company has sales offices in Argentina, Venezuela, Columbia, Peru, Chile and Brazil as well as a production site in Pomerode, Brazil. Bosch Rexroth employs about 800 associates in South America.

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, and Factory Automation 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 29,500 associates generated sales revenue of approximately 5 billion euros in 2016.

To learn more, please visit www.boschrexroth.com

The Bosch Group is a leading global supplier of technology and services. It employs roughly 390,000 associates worldwide (as of December 31, 2016). The company generated sales of 73.1 billion euros in 2016. 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 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 120 locations across the globe, Bosch employs some 59,000 associates in research and development.

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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Contact

Judith Mühlich
Maria-Theresien-Straße 23
97816 Lohr am Main
Phone: +49 9352 18-1207
judith.muehlich@boschrexroth.de