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Bosch completes acquisition of ITK Engineering AG

Expanding development services business

  • ITK Engineering will become a wholly owned subsidiary of Robert Bosch GmbH
  • ITK Engineering will remain an independent legal entity with its own brand
  • Acquisition will strengthen Bosch’s position in the market for engineering services
Cornelia Dürr

Cornelia Dürr

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Cornelia Dürr

Cornelia Dürr
Spokesperson for Bosch Engineering GmbH, motorsports

Abstatt/Rülzheim – Bosch is strengthening its business in custom system and software development services. It acquired ITK Engineering AG and its foreign operations on January 11, 2017, after receiving the approval of the relevant antitrust authorities. The agreement on Bosch’s acquisition of the company was signed in October 2016. ITK Engineering employs more than 900 highly qualified professionals and offers tailored development and consulting services for industrial enterprises and research institutions in a wide range of industries. “The acquisition of ITK Engineering will strengthen our position in the global growth market for engineering services and provide the ideal complement to our product portfolio,” said Dr. Markus Heyn, member of the board of management of Robert Bosch GmbH. It was agreed that the purchase price would not be disclosed

Management board to be expanded

ITK Engineering will continue to operate as an independent legal entity in the form of a private limited liability company (GmbH) under its own brand, and its development unit will also remain separate from Bosch. Board members Michael Englert and Dr. Helmuth Stahl will continue to manage the company’s business operations. “We look forward to additional and sustained expansion of ITK Engineering as part of the Bosch Group, and to further strengthening our position in the international market,” says Michael Englert, founder and CEO of ITK Engineering. In organizational terms, the company will be linked to Bosch through Bosch Engineering GmbH. Bernhard Bihr, president of the latter, joined ITK Engineering’s board of management on January 11, 2017. Following the company’s conversion to IKT Engineering GmbH, Michael Englert (chairman of the management board) as well as Dr. Helmuth Stahl and Bernhard Bihr (management board members) will head up the subsidiary.

Bosch Engineering GmbH is a wholly owned subsidiary of Robert Bosch GmbH and is head-quartered in Abstatt, Germany. As a systems development partner to the automotive industry since 1999, the company with its more than 2,200 associates offers development services for powertrains, safety and convenience systems, and electrical and electronic systems – from the original concept to series production. Specialized in electronics and software, it draws on Bosch’s proven large-scale series production technology to develop tailored solutions for a wide variety of applications in passenger cars, commercial vehicles, off-highway and recreational vehicles, and in rail applications, ships, and industry. Bosch Engineering GmbH also coordinates all the Bosch Group’s motorsports activities.

Additional information can be accessed at www.bosch-engineering.com

ITK Engineering AG was established in 1994 as “Ingenieurbüro für technische Kybernetik” and is an internationally operating technology company with customers in the automotive and aerospace industries as well as in medical technology. In addition to tailored technical consulting and development services, the company offers turn-key systems in the fields of software engineering, embedded systems, model-based design and testing as well as control systems design and signal processing. With a staff of over 900 people, ITK is headquartered in Rülzheim (Palatinate) and has eight branch offices in Germany. In addition, ITK is represented in the USA, in Japan, Spain and Austria.

Additional information is available online at www.itk-engineering.com

The Bosch Group is a leading global supplier of technology and services. It employs roughly 429,000 associates worldwide (as of December 31, 2023). The company generated sales of 91.6 billion euros in 2023. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. With its business activities, the company aims to use technology to help shape universal trends such as automation, electrification, digitalization, connectivity, and an orientation to sustainability. In this context, Bosch’s broad diversification across regions and industries strengthens its innovativeness and robustness. Bosch uses its proven expertise in sensor technology, software, and services to offer customers cross-domain solutions from a single source. It also applies its expertise in connectivity and artificial intelligence in order to develop and manufacture user-friendly, sustainable products. With technology that is “Invented for life,” Bosch wants to help improve quality of life and conserve natural resources. The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. Bosch’s innovative strength is key to the company’s further development. At 136 locations across the globe, Bosch employs some 90,000 associates in research and development, of which nearly 48,000 are software engineers.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com.

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