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Bosch acquires Belgium's Servico N.V. and strengthens the Group's Thermotechnology Division PDF Print E-mail
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.

 

bosch 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.





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