Bosch aims to achieve sustainable growth with the help of industrial technology. Its sales figure in the field of industrial technology is expected to increase by 2028 from the current level of 7 billion euros to more than 10 billion euros. The objective is to achieve profitable growth.
“We want to grow revenue at a faster pace than sales volume and sustainably increase the value of the company. To this end, Bosch will invest a total of more than EUR 3 billion in industrial technology during the years 2022 and 2023, ensuring organic and inorganic growth,” said Bosch President, Dr. Stefan Hartung.
The acquisition of the American company in the field of hydraulics, HydraForce, which has approximately 2,100 employees, makes the largest acquisition made by Bosch one of the segment of Industrial Technology. Through this merger, Bosch Rexroth expands its global leadership position in the field of hydraulics, providing technology for excavators, cranes, tractors or for plants and machinery in factories.
Industrial technology offers enormous growth potential for Bosch. This is driven by a growing need for automation and Industry 4.0 solutions, the “fusion” of electrical and hydraulic systems, and the growing demand for GreenTech, for the ecological transformation of the economy.
“By consolidating industrial technology we create a better balance between our fields of activity. Thanks to our broad diversification, as a global technology company, Bosch is more creative and stronger,” Hartung added.
The Industrial Technology Division is also an important service provider within the Bosch Group, equipping the approximately 240 Bosch factories worldwide with technology that ensures resource-efficient production centered on customer needs. This ensures savings of over half a billion euros annually through orders that the group no longer has to carry out.
