Bosch is selling its Building Technologies division’s product business for security and communications technology to the European investment firm Triton. The transaction encompasses three business units – video, access and intrusion, and communication. All 4300 associates employed in these units at more than 90 locations worldwide will be taken over.
An outlook for the future
In October 2023, Bosch announced that, as part of its realignment of its Building Technologies division, it would be selling most of the division’s product business. Christian Fischer, Deputy Chairman of the Board of Management of Robert Bosch GmbH, says, “It was our aim to find a suitable buyer who will acquire all three security and communications technology business units and offer their associates an outlook for the future. We have achieved that aim.”
With its investments, Triton focuses on European companies in the industrial, healthcare, and business services sectors. “We are pleased to have reached an agreement with Bosch and to be the preferred buyer for the security and communications technology product business. We want to support the management and employees to continue the strong growth trajectory that this business recently saw by providing not only capital, but also our know-how from having owned and successfully developed other companies in the security space,” says Claus von Hermann, Managing Partner and Co-lead of the Industrial Tech team at Triton.
Realignment of Bosch Building Technologies
As part of its realignment, the Bosch Building Technologies division is to focus on its regional integrator business, with solutions and services for building security, energy efficiency, and building automation. The goal of Bosch Building Technologies is to become a globally leading supplier of systems integration and to seize the attractive opportunities for growth in this segment. Because of its importance for systems integration, the product business with fire alarm systems will be merged with the integrator business and continue.
Following the transaction, Bosch Building Technologies will have roughly 8000 associates in eight countries. As a product-agnostic systems integrator with a wide-ranging portfolio of energy and building solutions, the division intends to benefit in the future from digitalisation and growing customer demand for integrated, intelligent, and cross-domain solutions in the areas of building security, energy efficiency, and building automation.
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