BOSCH ROTATING DIVISION SOLD TO CHINESE BUYERS

by

Bosch’s starter motor and alternators division has been acquired by China-based supplier Zhengzhou Coal Mining Machinery Group Co., Ltd. (ZMJ) for an undisclosed sum.

ZMJ and its business partner China Renaissance Capital Investment (CRCI) signed the agreement yesterday, which will see the purchasers take control of Bosch’s division comprising 7,000 associates, 16 locations across 14 countries.

Speaking of the acquisition, Chengyao Jiao, CEO of ZMJ, said: “We are very pleased that we can now add to and successfully further extend our business with these new associates, their expertise, and the excellent products of the Starter Motors and Generators division.

“In the future, we want the Starter Motors and Generators division to play a central role in our company. Above all, we look forward to working with the existing management team to build up a business in the rapidly growing emerging markets. In addition, we want to further strengthen our position in the markets in which [the Bosch Starters and Generators division] is already a leader.”

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Your email address will not be published.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 *