Rexroth Acquisition Strengthens Machine Tool Offering
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(Lohr, Germany - www.boschrexroth-us.com) Bosch Rexroth AG is planning to purchase Interlit Joistgen GmbH, with headquarters in Cologne, Germany. The company develops and markets systems for cooling and lubrication technology, especially in machine tools, and is used under the Interlit brand name.
Additionally, Rexroth is planning to acquire the associated production company MSG Maschinen und Stahlbau GmbH with headquarters in Joachimsthal, Germany. A contract was signed accordingly on October, 31 2008 in Basel, Switzerland. The purchase is subject to antitrust approval, and the price will remain confidential.
In 2007, Interlit Joistgen achieved sales of over 13 million Euros with a workforce of around 20 employees. MSG's sales amounted to approximately seven million Euros, with about 80 employees.
"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," explained Dr. Albert Hieronimus, Chairman of the Executive Board. In the future, Rexroth will be able to offer the complete supply unit of machine tools. With the Interlit systems, the cooling and lubrication supply and swarf removal add to the hydraulic, pneumatic and electric supply.
Bosch Rexroth AG, part of the Bosch Group, achieved sales of approximately $7.4 billion (5.4 billion Euros) in 2007 with nearly 33,000 employees. Under the brand name of Rexroth the company offers all drive and control technologies, from mechanics, hydraulics and pneumatics to electronics and associated service. Over 500,000 customers worldwide utilize Rexroth's unique technological know-how to implement their innovative and future-oriented systems and machine concepts. The global player, represented in over 80 countries, is an extensive supplier of components and systems for industrial and factory automation and mobile applications. Visit www.boschrexroth-us.com for more information.
For more information, please contact
Bosch Rexroth Corporation
Negin Neghabat
5150 Prairie Stone Parkway
Hoffman Estates, IL 60192
Telephone (847) 645-3728
Fax (847) 645-3728
negin.neghabat@boschrexroth-us.com
Godfrey Public Relations
Todd Walter
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Lancaster, PA 17602
Telephone (717) 393-3831 ext. 133
Fax (717) 393-1403
twalter@godfrey.com
