Bosch Rexroth to Acquire Fluid Filter Manufacturer

Rexroth's acquisition of German hydraulics equipment company, Eppensteiner, will expand product portfolio to include fluid filter accessory components, enabling the company to extend its offering of service and retrofitting capabilities.

(Hoffman Estates, IL - Bosch Rexroth intends to acquire K. & H. Eppensteiner (Eppensteiner), the hydraulics equipment company based in Ketsch, Germany. A purchase agreement was signed on March 31, 2008. Terms of the acquisition will not be disclosed. The acquisition is subject to approval by antitrust authorities.

Eppensteiner develops, manufactures, and sells fluid filters for installation in hydraulic and lubrication oil systems. Its product portfolio also includes complete systems for purifying and recycling hydraulic and lubrication oil. With more than 200 associates, the company generated sales of roughly 28 million Euros in 2007, mainly in Europe.

"Adding Eppensteiner to Bosch Rexroth will help us expand our product line in hydraulic accessory components, both for mobile and industrial applications," commented Berend Bracht, president and CEO of Bosch Rexroth in North America. "Fluid filters are an important addition to Rexroth's strategy for growing our hydraulic system, service and retrofitting business."

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Bosch Rexroth AG, part of the Bosch Group, achieved sales of approximately $6.2 billion (4.9 billion Euro) in 2006 with over 29,800 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.

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