Bosch Security Systems has received the 'Market Penetration Award 2003' from international consulting firm Frost & Sullivan. The choice of Bosch Security Systems as prize winner was based on the company's gain in market share, its innovative products as well as strategies for marketing and sales. These assessments were made according to the company's performance over the past two to three years.
During this period, Bosch has made two major acquisitions. In 2001, Bosch acquired Detection Systems headquartered in Fairport, New York, a global supplier of intruder alarms with production sites and sales distribution channels in every major economic region of the world.
In October 2002, Bosch Security Systems acquired Philips Communication, Security & Imaging, formerly a division of the Philips Group in Eindhoven, Netherlands. This acquisition allowed Bosch Security Systems to become a leading global player in providing complete security solutions. The company benefited from this acquisition from additional production locations and established sales channels, which Philips has developed over several years.
For more information contact Allan Antoncich, Bosch Security Systems, 011 651 7810, [email protected]
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