German manufacturer Bosch has acquired laser-leveling business RoboToolz Ltd., headquartered in Hong Kong.
The acquisition expands the company's capacity in measuring tools.
RoboToolz has four locations: two in China and one each in the U.S. and Germany. In 2006, the company had sales of $11 million.
In acquiring RoboToolz, we are continuing our growth course in the promising segment of measuring tools," said Uwe Raschke, president of the Bosch Power Tools division. "This segment has huge global potential."
With power tools, accessories, garden tools, and measuring technology, the Bosch Power Tools division in 2006 had sales of €2.8 billion. Of this total, 90% was generated outside Germany.
The Bosch Group overall had sales of €43.7 billion in 2006. It comprises 300 subsidiary and regional companies in more than 50 countries.