SPX taken over by Bosch

SPX taken over by Bosch

Bosch has completed the acquisition of SPX Service Solutions.

The components giant says the acquisition strengthens its position in the workshop and repair sectors.

Bosch began proceedings in January, but the purchase of SPX has now been completed following approval from the antitrust authorities.

SPX develops, manufactures and sells service equipment, repair accessories and software for the global market. Based in the US, SPX had sales of $920 million in 2011.

President of Bosch Automotive Aftermarket Division Robert Hanser said: “In acquiring SPX Service Solutions, we will become a comprehensive supplier of solutions in the diagnostics and repair business. In expanding our portfolio and extending our global presence, especially in the U.S., we are strengthening our position.

“We will quickly merge our know-how and wealth of experience in this growing market. Our aim is to become the world’s leading supplier of diagnostics solutions for all makes of vehicles.”

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