Bosch sells off its smart building product business
Bosch is selling its Building Technologies division’s product business for security and communications technology to focus on system integration.
European investment firm Triton Partners is to buy three business units covering Video, Access and Intrusion, and Communication, which were the entire product business of Bosch Building Technologies that was offered for sale back in October 2023.
All 4,300 staff at over 90 locations worldwide will be part of the deal, and financial details were not disclosed. The deal is expected to be closed by the end of the first half of 2025.
Back in October 2023, Bosch announced the restructuring of its Building Technologies division, selling most of the division’s product business to focus on its regional integrator business, with solutions and services for building security, energy efficiency, and building automation. This followed the acquisition of Canadian building security firm Paladin a few months earlier.
The new aim for Bosch Building Technologies is to become a globally leading supplier of systems integration. It has however kept the fire alarm systems business, which is to be merged with the integrator business and continued.
Triton focuses on European companies in the industrial, healthcare, and business services sectors with investments such as WaveLynx mobile security systems in the US.
“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. We have achieved that aim. Triton has presented a sustainable and credible growth strategy for the business. As an investor, moreover, it can provide a high level of industrial expertise and many years of experience in taking comparable companies forward,” said Christian Fischer, deputy chairman of the board of management of Robert Bosch, with responsibility for Bosch Group portfolio management and thus also for this planned transaction.
“We are pleased to have reached an agreement with Bosch and to be the preferred buyer for the security and communications technology product business. We want to support the management and employees to continue the strong growth trajectory that this business recently saw by providing not only capital, but also our know-how from having owned and successfully developed other companies in the security space,” said Claus von Hermann, Managing Partner and Co-lead of the Industrial Tech team at Triton.
Following the transaction, Bosch Building Technologies will have roughly 8,000 associates in 8 countries and will be a product-agnostic systems integrator for smart energy and building systems.
www.triton-partners.com/portfolio/; www.bosch.com
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