FARMINGTON HILLS, Mich. , April 21 /PRNewswire/ -- The Bosch Group
increased its sales in North America in 2007 by seven percent to
"Overall, 2007 was a successful year for the Bosch Group," said Peter Marks , chairman, president and CEO, Robert Bosch LLC and member of the Board of Management, Robert Bosch GmbH. "Despite economic circumstances in the U.S. and weakness in the automotive and housing sectors, Bosch was able to realize sales growth in North America over the previous year. Part of this growth was achieved externally. 2007 acquisitions, including Health Hero Network, which marked Bosch's entry into the remote health monitoring arena, and our expansion of automotive components and remanufactured parts, in surveillance systems and in leveling-laser tools reflect Bosch's continued commitment to further grow sales in the Americas region."
Bosch's North American Automotive Technology sector saw a sales increase
of six percent to
Bosch remains focused on long-term profitability and growth, and continues to invest in innovation, as evidenced by the opening early 2007 of a new technical center in Plymouth Township, Mich. that houses research and development as well as engineering space for its automotive electronics, starter motors and generators, and electrical drives divisions.
Bosch's brakes business in the Americas received a significant boost through the acquisition of Delphi Corporation's brake components business in Saltillo, Mexico as well as a 75.3 percent stake in Australia -based Pacifica Group, a leading manufacturer of brake calipers, parking brakes and brake components. The acquisition of Holger Christiansen in Denmark bolstered Bosch's leadership in remanufactured automotive parts for the aftermarket.
The Industrial Technology sector in North America registered a sales
increase of four percent to
Consumer Goods and Building Technology
The Consumer Goods and Building Technology business sector registered
North American growth of 13 percent over the previous year, with revenues in
In early 2007, Bosch acquired FHP Manufacturing, a leading U.S. manufacturer of geothermal heat pumps, strengthening the company's position in the renewable energy field. Bosch also boosted its Security Systems division through the acquisition of Canada -based Extreme CCTV, a technology leader in active infrared illuminators, demanding environment cameras and license plate capture systems. Bosch also announced that it was purchasing RoboToolz Ltd., a leading manufacturer of innovative leveling-laser products, with four locations worldwide, including one in Mountain View, CA.
The Bosch Group is committed to maintaining and growing its investment in
research and development. In 2007, the company invested
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 272,000 associates generated sales of over
In North America , the Bosch Group manufactures and markets automotive
original equipment and aftermarket products, industrial automation and mobile
products, power tools and accessories, security technology, thermo-technology,
packaging equipment and household appliances. Bosch employs approximately
25,000 associates in more than 80 locations throughout the U.S., Canada and
Mexico , with reported sales of
Editor's note: Bosch uses a 2007 conversion rate of
SOURCE The Bosch Group