Bosch is selling its Building Technologies division’s product business for security and communications technology to the European investment firm Triton.
The transaction encompasses three business units – Video, Access and Intrusion, and Communication – and thus the entire product business of Bosch Building Technologies that was offered for sale.
All 4,300 associates employed in these units at more than 90 locations worldwide will be taken over. The parties signed agreements to this effect on December 12.
It has been agreed that the purchase price and other details of the purchase agreement will not be disclosed. The transaction is subject to regulatory approvals and further customary closing conditions. It is expected to be closed by the end of the first half of 2025.
“It was our aim to find a suitable buyer who will acquire all three security and communications technology business units and offer their associates an outlook for the future,” Christian Fischer, deputy chairman of the board of management of Bosch, said. “We have achieved that aim.
“Triton has presented a sustainable and credible growth strategy for the business. As an investor, moreover, it can provide a high level of industrial expertise and many years of experience in taking comparable companies forward.”
With its investments, Triton focuses on European companies in the industrial, healthcare, and business services sectors. “We are pleased to have reached an agreement with Bosch and to be the preferred buyer for the security and communications technology product business. We want to support the management and employees to continue the strong growth trajectory that this business recently saw by providing not only capital, but also our know-how from having owned and successfully developed other companies in the security space,” says Claus von Hermann, Managing Partner and Co-lead of the Industrial Tech team at Triton.
“With Triton as our new owner, its expertise and support we will have a strong base for further, profitable growth,” Peter Loeffler, the CEO of Bosch Building Technologies’ product business, added. “We will work together to push ahead with innovations in the security and communications area – to the usual high quality standards and with comprehensive expertise.
“The entire team is looking forward to making our new company a success and will remain a reliable partner for our customers.”
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