The Bosch Group and the MAHLE Group plan to sell its joint venture Bosch MAHLE Turbocharging System (BMTS), which is a private equity firm, Fangyuan Capital, whose partners include world-renowned institutional investors. Fangyuan Capital plans to acquire all of Bosch Mahler's business, and approximately 1,300 employees in all regions (as of August 2017) will be transferred to the new company.
Bosch, MAHLE and Fangyuan Capital signed the acquisition agreement on September 6, 2017. The three parties will not disclose the purchase price and related details. The acquisition plan is still subject to review by antitrust and other relevant departments.
Fangyuan Capital plans to further expand its turbocharged business and bring sustainable growth to Bosch Mahler. “Turbocharger technology is one of the important solutions to help reduce emissions. We believe that the turbocharged market will continue to grow in the next few years. With strong R&D foundation and advanced production technology, Boschma Leben will benefit from this market trend. As part of the overall investment plan, we will continue to invest in Bosch Mahler to ensure that the company can achieve lasting success and occupy a strong market position.†Fang Yuan Capital President and co-founder Mr. Tang Kui said.
Further investment is needed In recent years, the development trend of miniaturization of engines (especially hybrids) using exhaust gas turbocharging technology is still evident, and the international market for turbochargers is expected to continue to grow in the next few years. Such market trends have helped Bosch Mahler profit from it. However, as far as the company's current scale is concerned, it is not enough to achieve lasting success in such a market environment. For this reason, in order to achieve the scale of meeting the market demand, Bosch Mahler needs further investment, and neither side of the joint venture intends to do so, and announced the sale plan in early 2017.
“We are very pleased to find the acquisition of Fangyuan Capital. They have sufficient funds and have a long-term vision. They have successful investment experience in the automotive industry and believe that they can bring further business expansion to Bosch Mahler and help them in the market. Long-term standing,†said Wolf-Henning Scheider, Chairman and CEO of Mahler Group Management.
“Fangyuan Capital will also open up important prospects and growth opportunities for Bosch Mahler in attractive markets such as China and North America,†added Dr. Rolf Bulander, Chairman of Bosch Automotive and Intelligent Transportation Technology.
Bosch MAHLE Turbo Systems is a joint venture company established in 2008 to develop and produce turbochargers for global passenger and commercial vehicle manufacturers. Currently in Stuttgart and Bleischach, Austria, St. Cher and Shanghai, China have approximately 1,300 employees. Bosch Mahler's products are known for their technical advantages and excellent quality, and many of the company's customers come from well-known companies in the automotive industry.
CATSU 5-tooth grapple could refer to a type of attachment for heavy equipment such as excavators or skid steers. It is designed to grip and hold materials such as logs, rocks, and debris with its five sharp teeth.
CATSU 5-tooth grapple can be operated hydraulically and is commonly used in forestry, construction, and demolition industries.
CATSU excavator grapple is an attachment that is mounted on the arm of an excavator, which is used to grab and hold onto objects.
CATSU excavator grapple is designed to be used for a wide range of applications, including demolition, construction, forestry, and landscaping.
CATSU excavator grapple is made up of a set of jaws that can be opened and closed using hydraulic power, allowing it to grab and hold onto objects of various sizes and shapes.
CATSU excavator grapples come in different sizes and configurations to suit different types of jobs and excavators of different sizes.
Excavator Hydraulic Grapple ,Log Grapple For Excavator,Rotating Grapple For Excavator,Rock Grapple For Excavator
CATSU Hydraulic Machinery Equipment Co.,Ltd , https://www.tiltrotatorcat.com