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Comment Business & Economics

Bosch to take over boiler manufacturer Loos

By Gerald Ondrey |

The Bosch Thermotechnology division (Stuttgart, Germany; www.bosch.com) plans to take over Loos Deutschland GmbH (Gunzenhausen, Germany), as well as its subsidiaries and investments outside Germany. The agreement to acquire 100% of the shares was signed in Stuttgart on April 7, 2009. Loos is a leading European supplier of highly efficient steam and hot water boilers for commercial and industrial applications. The acquisition will increase the Thermotechnology division’s share of this global growth market. As a leading global supplier of technology and services, the Bosch Group thus continues undeterred its strategy of strengthening its Consumer Goods and Building Technology and Industrial Technology business sectors. The transaction is subject to approval by the antitrust authorities. The parties agreed not to disclose the purchase price. Loos develops, manufactures, and sells steam and hot water boilers for space heating and process heat purposes in the 0.5 to 38 MW output range. Its commercial and industrial customers use these boilers in production operations, in hospitals, department stores, public institutions, hotels, and district heat networks. The company was established in 1865 and today has three manufacturing facilities…
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