Bosch acquires RTI Technologies Co., Ltd.
- Author Brian Davis
- Published January 25, 2011
- Word count 405
Acquisition presents new business opportunity for Bosch Diagnostics - Bosch to expand in automotive air conditioning service market
Stuttgart - The Bosch Group's Automotive Aftermarket business announced it has
acquired RTI Technologies Co., Ltd. on December 07. RTI Technologies Co., Ltd.
specializes in the development and distribution of automotive maintenance equipment
including air condition service (ACS) machines. The company, based in York,
Pennsylvania (USA), had sales of $12.0 million (8.6 million euros) in 2009 and employs 36 associates, all of whom will be retained by Bosch. Terms of the agreement will not be disclosed.
The automotive air conditioning service is an important opportunity for Bosch to grow
its Diagnostic business globally," said Robert Hanser, president, Automotive
Aftermarket, Robert Bosch GmbH. "The acquisition of RTI technologies offers us an
outstanding opportunity to meet the immediate needs of our customers with
automotive maintenance equipment, especially air condition service for the next
generation refrigerant R1234yf. We are looking forward to providing these innovative
products to our customers, especially in the European market, beginning next year."
Established in 1990, RTI develops, assembles and sells various types of automotive
maintenance equipment including the ACS machines in the U.S. market. The
business is uniquely positioned to provide access to the technology for new ACS
machines to deliver the new refrigerant R1234yf, which will be introduced into the
market beginning in 2011 in Europe.
The Bosch Group is a leading global supplier of technology and services. In the areas of automotive
and industrial technology, consumer goods, and building technology, some 275,000 associates
generated sales of 38.2 billion euros in fiscal 2009. The Bosch Group comprises Robert Bosch
GmbH and its more than 300 subsidiaries and regional companies in over 60 countries. If its sales
and service partners are included, then Bosch is represented in roughly 150 countries. This
worldwide development, manufacturing, and sales network is the foundation for growth. Each year,
Bosch spends more than 3.5 billion euros for research and development, and applies for some
3,800 patents worldwide. With all its products and services, Bosch enhances the quality of life by
providing solutions which are both innovative and beneficial.
In the U.S., Canada and Mexico, the Bosch Group manufactures and markets automotive original
equipment and aftermarket products, industrial drives and control technology, power tools, security
and communication systems, packaging technology, thermotechnology, household appliances,
solar energy and healthcare products. Having established a regional presence in 1906, Bosch
employs over 20,000 associates in more than 70 locations, with reported sales of $7.3 billion in
fiscal 2009.
Brian Davis is an expert on Auto Repair Equipment and has written numerous articles on the Auto Repair Equipment industry. See the newest auto equipment for your garage at http://BestBuyAutoEquipment.com
Brian Davis is an expert on Auto Repair Equipment and has written numerous articles on the Auto Repair Equipment industry. See the newest auto equipment for your garage at http://BestBuyAutoEquipment.com
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