Bosch Rexroth Strengthens Machine Tool Business with Acquisition
December 1, 2008—
Bosch Rexroth will purchase Interlit Joistgen GmbH, headquartered in Cologne, Germany, a company that develops and markets systems for cooling and lubrication technology. Interlit achieved sales of over 13 million euros in 2007 with a workforce around 20 employees. In addition, Rexroth will acquire the associated production company Maschinen und Stahlbau Gmbh (MSG), headquartered in Joachimsthal, Germany. MSG's sales in 2007 amounted to seven million euros with a workforce around 80.
"With the acquisition of the two companies, we are strengthening our business with the machine tool industry and are reacting to the increased customer demand for single-source complete solutions," says Dr. Albert Hieronimus, chairman of the executive board at Bosch Rexroth.