Bosch Rexroth acquires Chinese pneumatics company

July 28, 2008
Bosch Rexroth
News

Summary

July 28, 2008 - Bosch Rexroth is set to acquire a majority stake in Zhejiang Easun Pneumatic Technology Co. Ltd. (Easun), based in Cixi, China. Easun, one of the leading pneumatics companies in China, develops, produces and sells pneumatic cylinders, valves, maintenance units and accessories for the local market, and employs around 900 people."With this acquisition, we are strengthening our position in the growing Chinese pneumatics market and offering an extended pneumatics range that is specially tailored to the requirements of Chinese customers," explains Dr. Albert Hieronimus, Chairman of the Executive Board of Bosch Rexroth AG. "The move is a continuation of our ongoing strategy of regionalization," adds Hieronimus.The purchase agreement was signed on June 30, 2008 in Cixi. Both parties have agreed not to disclose the purchase price. The acquisition is subject to approval by the authorities. Bosch Rexroth has been represented by its own companies in China since the 1970s, offering its customers the complete range of drive and control products and manufacturing at three locations. In 2007, Bosch Rexroth generated sales of around 350 million euro in China with a workforce of more than 2,000 associates. In 2007, the Bosch Group as a whole achieved consolidated sales of around 1.8 billion euro in China and employed more than 17,000 associates.Bosch Rexroth AG, part of the Bosch Group, achieved sales of approximately $7.4 billion (5.4 billion Euros) in 2007 with nearly 33,000 employees. Under the brand name of Rexroth the company offers all drive and control technologies, from mechanics, hydraulics and pneumatics to electronics and associated service. Over 500,000 customers worldwide utilize Rexroth’s unique technological know-how to implement their innovative and future-oriented systems and machine concepts. The global player, represented in over 80 countries, is an extensive supplier of components and systems for industrial and factory automation and mobile applications. Learn More

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