Bosch Rexroth intends to acquire K. &H. Eppensteiner, the hydraulics equipment company based in Ketsch, Germany. An agreement was signed on March 31, 2008.
Eppensteiner develops, manufactures, and sells fluid filters for installation in hydraulic and lubrication oil systems. Its product portfolio also includes complete systems for purifying and recycling hydraulic and lubrication oil. With more than 200 associates, the company generated sales of roughly €28 million in 2007, mainly in Europe.
In acquiring Eppensteiner, we are taking an important step toward expanding our product portfolio to include accessory components. Fluid filters are an important building block in our strategy of further growth in the service and retrofitting business,"said Albert Hieronimus, the president of Bosch Rexroth AG.
Under the brand name of Rexroth, Bosch Rexroth supplies more than 500,000 customers with solutions for driving, controlling and moving machinery used in industrial and factory automation as well as in mobile applications. Bosch Rexroth sells components and systems in more than 80 countries. In 2006 Bosch Rexroth AG, part of the Bosch Group, had sales of & euro;4.9 billion.