International. The sale transaction to Triton encompasses the three business units (Video, Access and Intrusion and Communication) that make up the entire product business of Bosch Building Technologies.
Triton is a European investor specializing in the middle market sector. It focuses on companies that provide significant goods and services in the business services, industrial technology, and healthcare sectors. Triton has more than 200 professionals in 11 offices and invests through three complementary "all-things out" strategies: mid-market private equity, smaller mid-cap private equity, and opportunistic credit.
All of the 4,300 employees of these units in more than 90 locations worldwide will be absorbed. The parties signed agreements to this effect on December 12. It has been agreed that the purchase price and other details of the purchase agreement will not be disclosed. The transaction is subject to regulatory approvals and other customary closing conditions. It is expected to close by the end of the first half of 2025.
In October 2023, Bosch had announced that, as part of the restructuring of its Building Technologies division, it would sell most of the division's product business.
"Our goal was to find a suitable buyer that would acquire the three security and communications technology business units and offer its associates a forward-looking perspective. We have achieved that goal. Triton has presented a sustainable and credible growth strategy for the business. In addition, as an investor, you can provide a high level of industrial expertise and many years of experience in advancing comparable companies," said Christian Fischer, Deputy Chairman of the Board of Management of Robert Bosch GmbH, who is responsible for the management of the Bosch Group's share portfolio and thus also for the planned transaction.
"We are delighted to have reached an agreement with Bosch and to be the preferred buyer for the security and communications technology products business. We want to support management and employees to continue the strong growth trajectory that this business has recently experienced 
by providing not only capital, but also our technical know-how, the result of having owned and successfully developed other companies in the field of safety," said Claus von Hermann, Managing Partner and Co-Head of Triton's Industrial Technology team.
Peter Loeffler, Managing Director of the Product Division at Bosch Building Technologies, said: "With Triton as the new owner, his experience and support will provide us with a solid foundation to continue to grow profitably. 
We will work together to drive innovations in the area of security and communications, with the usual high quality standards and with extensive experience. The entire team is looking forward to our new venture being a success and will continue to be a reliable partner for our customers."
Reorientation of construction technologies
As part of its restructuring, the Bosch Building Technologies division will focus on its regional integration business, with solutions and services for building safety, energy efficiency and building automation. Bosch Building Technologies' goal is to become a leading global provider of system integration and to take advantage of attractive growth opportunities in this segment. Due to its importance for system integration, the product business with fire alarm systems will merge with the integration business and continue.
Following the transaction, Bosch Building Technologies will have approximately 8,000 employees in 8 countries. As a product-independent system integrator with a wide range of energy and building solutions, the division intends to benefit in the future from digitalization and the growing customer demand for integrated, intelligent and multidisciplinary solutions in the areas of security, energy efficiency and building automation.
