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Bosch to acquire commercial boiler manufacturer Loos and expands its international business |
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Monday, 27 April 2009 |
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The Bosch
Thermotechnology division, a leading global supplier of technology and
services, plans to take over Loos Deutschland GmbH, Gunzenhausen,
Germany, as well as its
subsidiaries and investments outside Germany, thus expanding its product
portfolio to become a full-range supplier of commercial and industrial boilers.
As part of Bosch
we will be well equipped for the future. Together, we will be able to continue
growing, building as before on the knowledge and expertise of our staff, says
Jochen Loos, managing director of Loos Deutschland GmbH, a leading European
supplier of highly efficient steam and hot water boilers for commercial and
industrial applications.
The acquisition
of Loos will make Bosch Thermotechnology a leading supplier of commercial and
industrial boilers in Europe. The combination
of our global distribution network on the one hand and the Loos product
portfolio and expertise on the other will enable us to gain additional market
share and open up new markets both geographically and technically, says Uwe
Glock, President of the Bosch Thermotechnology division.
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