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Bosch acquires Belgium's Servico N.V. and strengthens the Group's Thermotechnology Division |
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Wednesday, 14 January 2009 |
Bosch, the leading
global supplier of technology and services acquired Servico N.V., its
Belgian distribution partner. The inception of business relations between Junkers,
a Bosch Thermotechnology brand, and Servico N.V., a company based in Belgium,
dates back to 1932.
Through this acquisition, the international business of
Bosch's Thermotechnology Division will be strengthened, and as Klaus
Huttelmair, a member of the Divisional Board of Bosch Thermotechnology says "
we will support the good business trend experienced by Junkers in Belgium and
at the same time push forward the internationalisation of our division. Our
long-standing business relationship and Servico's focus on the Junkers brand
mean that Servico is an excellent fit for Bosch Thermotechnology".
The Belgian company's core business revolves around
selling and servicing of wall-mounted condensing and conventional heating
boilers as well as gas water heaters, storage tanks, control devices and solar
collectors. In 2007, Servico employed 85 people and generated sales of
approximately EUR 28 million, giving the company a share of some 10 percent of
the Belgian market. |