BOSCH BUYS SPX SERVICE SOLUTIONS

Bosch Automotive Aftermarket is in the final stages of buying a specialist tools developer in the US for $1.15 billion.

SPX Corporation, based in Michigan manufactures and sells diagnostic and service tools, workshop equipment and software for the automotive aftermarket.

The purchase is the largest in the history of the Bosch Automotive Aftermarket division.

Bosch hopes that the acquisition of SPX Service Solutions will make it one of the leading providers of diagnostic solutions in the global aftermarket.

Although it is still subject to normal closing conditions and approval from the authorities, the sale is expected to be completed within the next few months.

President of the Bosch Automotive Aftermarket Division Robert Hanser said: “The acquisition will allow us to considerably expand our market presence in the diagnostics business, particularly in North America. In addition, we will strengthen our position in Asia Pacific and Europe, especially in our diagnostics business with automakers.”

Published by Darrenmoss

CAT magazine's in-house reporter and self-confessed petrol head

IGA UP FOR ‘COVID CHAMPION’ AWARD

RMI association shortlisted for new Learning Award category

Read More

BREAKING: NATIONWIDE BRANCHES TO REBRAND AS FMG REPAIR SERVICES

Redde Northgate expected to rebrand 77 of the former Nationwide branches under the FMG trading style

Read More

MAM SOFTWARE ADOPTS NEW BRANDING

Software house displays new logo in line with parent company’s branding

Read More

NEXUS ‘VIRTUAL DAYS’ EVENT ATTRACTS 1,000 VISITORS

Online event declared a success by the buying group

Read More

CV FACTOR JOINS IAAF

New CV member for industry federation

Read More

Go to comments

Your email address will not be published. Required fields are marked *