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Stuttgart – Bosch has acquired the Canadian company Extreme CCTV Inc.The shareholders and option holders have accepted Bosch's offer of 5.00 Canadian dollars per share in cash, resulting in a transaction volume of approximately 93 million Canadian dollars (roughly 63 million euros). With the acquisition of Extreme CCTV, Bosch is strengthening its Security Systems division and extending its activities in video surveillance.
Extreme CCTV is a technologically leading manufacturer and supplier of active infrared illuminators, integrated day/night cameras with active illumination, and hardened imaging products for use in extreme environments. Furthermore, its product range includes systems for licenseplate capture and recognition.
In 2007, the company and its 130 associates worldwide generated sales of approximately 43 million Canadian dollars (roughly 29 million euros). Extreme CCTV has locations in Burnaby (Canada), Newcastle (U.K.), Church Crookham (U.K.), and Barbados. The company has three wellknown
brands: Extreme, Forward Vision, and Derwent.
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 271,000 associates generated sales of over 46 billion euros in fiscal 2007. The Bosch Group comprises Robert Bosch GmbH and its more than 300 consolidated subsidiary and regional companies in 48 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 2007 applied for some 3,280 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 Bosch business sectors are present in China: Automotive and Industrial Technology, Consumer Goods, and Building Technology. The company operates 14 subsidiaries, 7 joint ventures, and 6 trading companies via a holding company in Shanghai. 2007 consolidated sales in China reached 1.8 billion euros. Until the end of 2007, Bosch invested around 1 billion euros in China and between 2008 and 2010 it will invest a further 850 million euros. Some 17,000 Bosch associates are committed to bringing to 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:
News sourc: Bosch China
Publish date: Mar. 2008
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