International. The company has just announced that it will sell its Video, Access & Intrusion and Communication business units, belonging to its Bosch Building Technology division.
It was also reported that Bosch plans to allocate this division to the regional integration business with solutions and services for security, energy efficiency and building automation, once it finds a buyer.
This decision impacts approximately 4,300 associates in more than 90 locations around the world. However, the company said it will retain its fire alarm system products business, which is intended to merge with the future integrator business.
The brands that are part of Bosch Building Technologies are Bosch, Climatec, Digicontrol, Dynacord, Electro-Voice, Hacousto-Protec, RTS, Telex and 4EVAC.
"We want to become one of the world leaders in the integration of technological systems for construction and take advantage of the growth opportunities in that market. To achieve this, we need to consolidate and that is why we will focus on integration as our core business," explained Christian Fischer, Deputy Chairman of the Board of Management at Bosch.
For his part, Thomas Quante, president of the Bosch Building Technologies division, referred to the current state of the units put up for sale. "These product businesses are very well positioned and will offer a promising
future to their new owner as they include innovative products, highly qualified partners and a market environment with attractive growth opportunities," he said.
Following this realignment, the Building Technologies division will employ 7,600 associates and operate in 40 locations in 8 countries. As a brand-independent system integrator with a broad portfolio of energy and building solutions, the division will seek to benefit from digitalization and growing customer demand for integrated solutions.
