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

National Auto Parts name to be dropped

Friction company to be renamed after parent company

Read More

GS Yuasa spend on national TV advertising

Combined brands to be marketed together for the first time

Read More

ECP opens Cirencester branch

New location for national chain in the Cotswolds

Read More

DVSA: ‘Stop using scissor lift immediately’ notice, following collapse

Users of Saturnus range of lifts advised to stop use until a repair kit has been installed

Read More

Optimal changes name to UKS Distribution

Rebrand follows from recent MBO by Geoff Jones

Read More

Go to comments

Your email address will not be published.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