Bosch, Stuttgart, Germany, plans to sell its subsidiary Robert Bosch Starter Motors Generators Holding GmbH, including all subsidiaries, to the purchaser consortium Zhengzhou Coal Mining Machinery Group Co Ltd., Zhengzhou, China, and China Renaissance Capital Investment, Hong Kong, China. Headquarters will remain in Stuttgart, Germany.
ZMJ already operates in the automotive supply sector via various investment holdings. For starters and generators, as well as in its capacity as a manufacturer of engine components for commercial vehicles and passenger cars, ZMJ is a major Chinese automotive supplier. The purchaser now wishes to complement the Bosch activities hitherto in the starters and generators segment with its portfolio, and to use this for further internationalization. As ZMJ’s long-standing business partner, the financial investor CRCI will support the company in the acquisition.