Bosch to Sell Building Technologies Product Business to Triton Partners

Dow Jones12-12

By Helena Smolak

Robert Bosch signed an agreement to sell its building technologies division's product business to Luxembourg-based investment firm Triton Partners.

The German car-parts manufacturer said it expects to close the deal by the end of the first half of 2025. The company didn't disclose the purchase price of the transaction.

As part of the deal, Triton will take over all three business units of the product business, which employ 4,300 associates, the company said.

"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," said Christian Fischer, deputy chairman of the board.

In October last year, Bosch said it would sell most of the building technologies' product business as part of a wider realignment process. The company will focus its systems integration division, merging its fire-alarm systems business with the integrator unit.

Write to Helena Smolak at helena.smolak@wsj.com

(END) Dow Jones Newswires

December 12, 2024 08:30 ET (13:30 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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