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

£540k SPEND ON NEW TRUCKS BY ALLIANCE AUTOMOTIVE

Scania 500s all feature NAPA branding as trading group push house-label parts

Read More

MOT TESTING SMARTPHONE SYSTEM TO ROLL OUT NEXT MONTH

Card-based system to be phased out from mid February

Read More

EURO CAR PARTS UPDATES CARSYS

Own brand garage management software now has imporved compatibility and function

Read More

DVSA: 88 PERCENT OF GARAGES OFFER PICK UP AND DROP OFF SERVICE

The vast majority of independent garages offer a pick up and drop off service to those that need it, according to a survey. The poll, carried out on behalf of the Driver and Vehicle Standards […]

Read More

DVLA SHOULD CLOSE ‘IMMEDIATELY’ SAY UNION

Closure of licensing authority should be ‘temporary and immediate’ according to PCS union

Read More

Go to comments

Your email address will not be published.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