Bosch Registers 7 Percent Sales Increase in North America

FARMINGTON HILLS, Mich. , April 21 /PRNewswire/ -- The Bosch Group increased its sales in North America in 2007 by seven percent to $9.5 billion , with all three of the company's business sectors -- Automotive Technology, Industrial Technology...


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 3.6 billion EUR ($5 billion USD), or about 8 percent of its sales, in R&D, and has a total of roughly 30,000 associates working in research and development activities worldwide. 2007 capital expenditures on a global basis totaled some 2.8 billion euros, or six percent of sales.

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 46 billion euros (over $63 billion) in fiscal 2007. The Bosch Group comprises Robert Bosch GmbH and its roughly 300 subsidiary and regional companies in over 50 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spends more than three billion euros each year for research and development, and in 2006 applied for over 3,000 patents worldwide. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as "Workshop for Precision Mechanics and Electrical Engineering."

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 $9.5 billion in fiscal 2007. For more information on the company, visit www.boschusa.com.

Editor's note: Bosch uses a 2007 conversion rate of 1 Euro = 1.3704 U.S. Dollars and 2006 conversion rate of 1 Euro = 1.2560 U.S. Dollars.

SOURCE The Bosch Group