Posted to News on 26th Nov 2008, 11:12
Bosch Rexroth to acquire Interlit Joistgen
Bosch Rexroth AG is planning to purchase Interlit Joistgen GmbH with headquarters in Cologne, Germany. Interlit Joistgen develops and markets systems for cooling and lubrication technology, which are used under the Interlit brand name especially in machine tools. Additionally, Bosch Rexroth plans 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 EUR13million with a workforce of about 20 employees. MSG's turnover amounted to about EUR7million. About 80 people are employed here.
Dr Albert Hieronimus, Chairman of the Executive Board for Bosch Rexroth AG, explains: "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." 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.
