Miscella: Bosch Packaging To Be Sold

Bosch Packaging To Be Sold

After intensively and thoroughly considering all its strategic options bosch has decided to look for a buyer for its packaging machinery business pa more specifically the pharmaceuticals and food units of the packaging technology division. Including sales and service partners boschs global manufacturing engineering and sales network covers nearly every country in the world.

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Frankfurt july 4 reuters car parts maker bosch is in advanced talks to sell its packaging machinery business to buyout firm cvc in a deal valuing the company at up to 850 million euros 959 million a person close to the matter said.

Bosch packaging to be sold. Cvc capital partners had competition from italian engineering group coesia german industrial holding koerber as well as private equity firms kkr and bain. The process for the sale was started a year ago. Bosch plans to sell its packaging machinery business based in waiblingen to a newly incorporated entity managed by cvc capital partners cvc.

German engineering group robert bosch gmbh plans to sell its packaging technology division that generated 13 billion euros 15 billion in sales last year to focus on its core business. Based in luxemburg cvc is a leading private equity and investment advisory firm with 24 offices in europe asia and the united states. Bosch also makes a range of products from coffee machines and refrigerators to power tools.

Bosch plans to sell its packaging business. Bosch is in talks with cvc capital partners to sell its packaging machinery business for 850 million reuters reported. The main pharmaceutical and food packaging operations have insufficient synergies with.

Bosch has announced it will sell its packaging machinery business pa more specifically the pharmaceuticals and food units of its packaging technology division to focus on its core business. 15 jul 2019 bosch packaging technology is to be sold to private equity and investment advisory firm cvc capital partners cvc for an undisclosed fee subject to approval by antitrust and other authorities. Hartung said in a conference call with reporters that bosch intends to sell the packaging technology business as a whole to a single buyer and anticipates the sale process to take just over a year.

Bosch has agreed to sell its packaging machinery division to private equity firm cvc capital partners for an undisclosed sum. The decision comes at a time when bosch group wants to transform its organization moving further into digitalization and the internet of things iot. The investor beat the competition in a process launched more than a year ago.

Packaging technology and its pharma and food units are to remain intact and all 6100 associates in 15 countries will remain with the business. Bosch announced plans to offload the division in july 2018 claiming that the intended sale of the unit was due in part to the competitive environment in which it operates. The company and its pharma and food units will remain intact.

In short bosch creates technology that is invented for life the bosch group comprises robert bosch gmbh and its roughly 460 subsidiary and regional companies in over 60 countries.

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