Bosch Acquires TeleAlarm Group Strengthening the Security Technology Division
· TeleAlarm is a leading provider of social alarm systems
· 70 associates help achieve sales of EUR 10 million
· Sales offices in five countries
STUTTGART/LA CHAUX-DE-FONDS – The Bosch Group has acquired the TeleAlarm Group based in La Chaux-de-Fonds, Switzerland. The contract was signed on September 29, 2006. It was agreed that the purchase price would remain undisclosed. The TeleAlarm Group is a leading European provider of social alarm and nurse call systems. These products are primarily installed in the homes of people being cared for, in retirement and care homes, in sheltered accommodation facilities and hospitals. In 2005, the company achieved sales of EUR 10 million with a workforce of around 70. The TeleAlarm Group carries out the bulk of its production in La Chaux-de-Fonds in Switzerland and has sales offices in Germany, Switzerland, the United Kingdom, the Netherlands, and Sweden.
“Acquiring TeleAlarm has allowed us to strengthen our product range of social alarm systems. At the same time, we are expanding our product portfolio to include nurse call systems,” said Uwe Glock, head of the Security Systems division. 6750 associates at Bosch Security Systems helped the company to achieve sales of around EUR 1 billion in 2005. The portfolio includes intrusion and fire alarm systems, video surveillance, access control and communication systems. The division is represented in more than 40 locations throughout Europe, America and Asia. On September 1, 2006, Bosch also acquired Telex Communications Holdings Inc., Minneapolis/USA, a leading provider of electro acoustic systems. In fiscal 2005, Telex Communications made sales of around USD 308 million with a workforce of around 2000.
The Bosch Group is a leading global manufacturer of automotive and industrial technology, consumer goods, and building technology. In fiscal 2005, some 251,000 associates generated sales of 41.5 billion euros. Set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering,” the Bosch Group today comprises a manufacturing, sales, and after-sales service network of more than 280 subsidiaries and more than 12,000 Bosch service centers in over 140 countries.
The special ownership structure of the Bosch Group guarantees its financial independence and entrepreneurial freedom. It makes it possible for the company to undertake significant up-front investments in the safeguarding of its future, as well as to do justice to its social responsibility in a manner reflective of the spirit and will of its founder. A total of 92 % of the share capital of Robert Bosch GmbH is held by the charitable foundation Robert Bosch Stiftung. The entrepreneurial ownership functions are carried out by Robert Bosch Industrietreuhand KG.
Additional information can be accessed at www.bosch.com.
PI5583 - October 2006
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