Bosch Security Sale Agreement Might Emerge This Week.
Robert Bosch GmbH Security Sale – According to sources quoted by Bloomberg, Robert Bosch GmbH is close to selling part of its security business to Luxembourg private equity firm, Triton Partners.
Sources suggest the sale might be worth around $US735 million with an agreement reached in the next few days, though the sources said there were no guarantees the process might not be delayed – the time of year not being ideal.
Bosch announced plans to sell its security business after spending $8 billion on Johnson Controls heating and ventilation assets in early 2024. Bosch said the sale would include most of the Bosch Building Technologies’ product business, including Bosch’s widely respected video, access, intrusion and communications units, which turned over around $2.8 billion last financial year.
Triton, meanwhile, has raised more than $19 billion focusing on core sectors of business services, industrial tech and health care. In Germany, Triton owns building ventilation solutions provider FläktGroup and industrial heat exchanger maker Kelvion.
Representatives for Bosch and Triton declined to comment on the report – more news is expected in the next 24 hours. You can read more about Bosch here, learn about Triton here and find more SEN news here.
“Bosch Security Sale Agreement Might Emerge This Week.”
