Bosch is selling the security and communication technology product business of its Building Technologies division to the European private equity firm Triton. The transaction includes the three product areas of video systems, access control and intrusion alarm systems, and communication systems. This corresponds to the entire Bosch Building Technologies product business that is available for sale. All 4,300 employees at more than 90 locations worldwide will be transferred. The relevant contracts were signed in mid-December. It has been agreed not to disclose the purchase price and further details of the purchase agreement. The closing is expected by the end of the first half of 2025.
Transaction includes the entire product business of Bosch Building Technologies
In October 2023, Bosch announced its intention to realign the Building Technologies division and sell off a large part of its product business. "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. 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,” says Christian Fischer, deputy chairman of the board of management of Robert Bosch, with responsibility for Bosch Group portfolio management and thus also for this planned transaction.
Triton brings know-how from the development of other companies in the security sector
Triton focuses its investments 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.
Peter Loeffler, the CEO of Bosch Building Technologies’ product business, adds: “With Triton as our new owner, its expertise and support we will have a strong base for further, profitable growth. 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.”
Bosch Building Technologies to focus on system integration business
As part of its realignment, the Bosch Building Technologies division will in future focus on regional system integration business with solutions and services for building security, energy efficiency, and building automation. The goal is to become a leading global system integrator and to take advantage of the attractive growth opportunities in this area. The product business with fire alarm systems will be integrated into the system integration business and continued due to its importance for system integration.
After the completion of the transaction, Bosch Building Technologies will be represented in eight countries with around 8,000 employees. As a manufacturer-independent system integrator with a comprehensive portfolio of energy and building solutions, the division aims to benefit from digitalization and increasing customer demand for integrated, intelligent, and comprehensive solutions in the areas of building security, energy efficiency, and building automation.
