• Weicon: roughly 3 million euros sales, 100 associates
• Bosch Diagnostics bolsters workshop equipment business in China
• Mid-price products added to diagnostic portfolio

STUTTGART  – The Bosch Group is acquiring the assets and business of Shenzhen Wei Ning Da Industrial Co Ltd (Weicon) in Shenzhen, China. The agreements to this effect were signed on March 11, 2008. It has been agreed that the purchase price will not be disclosed. The acquisition is subject to approval by the authorities.

Weicon employs some 100 associates, and generated sales of approximately three million euros (roughly 27.4 renminbi) in 2007. The company develops, manufactures, and sells diagnostic equipment and the related software.

With this acquisition, the Bosch Automotive Aftermarket division and its Diagnostics business unit intend to further bolster their Chinese sales of diagnostic equipment, and to expand their already existing aftermarket activities. At the same time, Bosch is acquiring its own development and manufacturing base for diagnostic equipment in China, and is further expanding its software development activities there.

“With this acquisition, we are rounding off our product range in the mid-price segment. This segment is attractive for Asia Pacific, and especially for the Chinese market,” says Hans-Peter Meyen, member of the executive management of the Automotive Aftermarket division.

In the future, the acquired Weicon business is to be built up to become the competence center for the development and manufacture of hardware and software components for diagnostic equipment in China.

About the Bosch Group

The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 272,000 associates generated sales of 46.1 billion euros in fiscal 2007. The Bosch Group comprises Robert Bosch GmbH and its roughly 300 subsidiary and regional companies in over 50 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spends more than three billion euros each year for research and development, and in 2006 applied for over 3,000 patents worldwide. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.”

About Bosch in China

Bosch founded its first trading office in China as early as 1909. In 1926, the first car service workshop opened in Shanghai. Today, all of the Bosch business sectors are present in China: Automotive and Industrial Technology, Consumer Goods and Building Technology. The company operates via a holding company in Shanghai, 14 subsidiaries, seven joint ventures, and six trading companies. 200 6 consolidated sales in China reached 1 .3 billion euros. Up to 2005, Bosch had invested around 620 million euros in China and between 2006 and 2008 it will invest a further 620 million euros. Bosch employees are committed to bringing to the Chinese customers the latest technology as well as the most reliable services to help improve their quality of life.

For more information on Bosch China, please visit http://www.bosch.com.cn

For further details please contact:

Helen He Bosch(China) Investment Ltd. Tel: +86-21-2898 1111 Email: helen.he@cn.bosch.com

Vivie Yu Bosch Automotive Aftermarket Tel: +86-21-2898 1111 Email: vivie.yu@cn.bosch.com

News sourc: Bosch China
Publish date: Mar. 2008