Strengthening the pneumatics business in the Asian growth market

Bosch Rexroth is set to acquire a majority stake in Zhejiang Easun Pneumatic Technology Co. Ltd. (Easun), based in Cixi, China. The purchase agreement was signed on June 30 in Cixi. Both parties have agreed not to disclose the purchase price. The acquisition is subject to approval by the authorities.

Easun is one of the leading pneumatics companies in China. Under the brand name Easun, it develops, produces and sells pneumatic cylinders, valves, maintenance units and accessories for the local market. The Chinese pneumatics specialist employs around 900 people.

"With this acquisition, we are strengthening our position in the growing Chinese pneumatics market and offering an extended pneumatics range that is specially tailored to the requirements of Chinese customers," explains
Dr. Albert Hieronimus, Chairman of the Executive Board of Bosch Rexroth AG. "The move is a continuation of our ongoing strategy of regionalization," adds Hieronimus.

Bosch Rexroth has been represented by its own companies in China since the 1970s, offering its customers the complete range of drive and control products and manufacturing at three locations. In 2007, Bosch Rexroth generated sales of around 350 million euro in China with a workforce of more than 2,000 associates. In 2007, the Bosch Group as a whole achieved consolidated sales of around 1.8 billion euro in China and employed more than 17,000 associates.

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.

For more information please visit: www.boschrexroth.com

Courtesy of Bosch Rexroth