This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Bosch firma un acuerdo para la compra de Loos, fabricante de calderas de gran potencia
Bosch signs an agreement for the purchase of Loos, manufacturer of high power boilers
27/04/2009
April 27, 2009
The Thermotechnics Division of Bosch plans to acquire the limited partnership Loos Deutschland, based in Gunzenhausen (Germany), as well as its subsidiaries and participations abroad. The contract for the purchase of 100% of the shares was signed on April 7, 2009 in Stuttgart. Loos is one of the leading European suppliers of boilers of steam and hot water of high efficiency for commercial and industrial sector. With this acquisition, the Thermotechnics Division of Bosch expands its position in this market that is booming worldwide. In this way, the Bosch-Group, as a company specializing in technologies and services at the international level, continues its strategy of strengthening of business areas consumption and home automation, as well as Industrial technical goods. The transaction is now only waiting for approval by the Federal Trade Commission. Both sides have agreed to keep the price of this trading secret.
"With the acquisition of Loos, Bosch Thermotechnics becomes a provider pioneer of large and industrial boilers in Europe", said Uwe Glock, President of the direction of area Bosch Thermotechnics. The world market grows annually by more than five percent. With the Union with Loos customers can offer a wider range of integrated solutions from a single manufacturer.
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