Bosch completes SPX takeover

4 December 2012  

GERMAN giant Bosch has completed its acquisition of specialist tool and diagnostic equipment maker SPX Service Solutions in a deal worth $1.1bn (around £718m).

last week

In the very near future it has been confirmed that the business activities of SPX Service Solutions will be integrated into the Bosch Automotive Aftermarket division. Commenting on the takeover, Robert Hanser, president of the Bosch Automotive Aftermarket, said: “In acquiring SPX Service Solutions, we will become a comprehensive supplier of solutions in the diagnostics and repair business. In expanding our portfolio and extending our global presence, especially in the U.S., we are strengthening our position.”