Expansion of product range for machine tool manufacturers

Lohr. 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, which are used under the Interlit brand name especially in machine tools. Additionally, Bosch 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 31 October 2008 in Basel (Switzerland). It was agreed that the purchase price remains confidential. The purchase is subject to antitrust approval.

In 2007, Interlit Joistgen achieved a turnover of over 13 million euro with a workforce of about 20 employees. MSG's turnover amounted to about seven million euros. About 80 people are employed here.

"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 for Bosch Rexroth AG. In the future, Bosch 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.

About Bosch Rexroth AG
Bosch Rexroth AG is one of the world’s leading specialists in the field of drive and control technologies. Under the brand name of Rexroth the company supplies more than 500,000 customers with tailored solutions for driving, controlling and moving machinery used in industrial and factory automation as well as in mobile applications. As The Drive & Control Company, Bosch Rexroth develops, produces and sells components and systems in more than 80 countries. In 2007 Bosch Rexroth AG, part of the Bosch Group, achieved sales of about 5.4 billion Euro with approximately 33,000 employees.

Courtesy of Bosch Rexroth