Bosch Rexroth AG has agreed to purchase Germany-based Interlit Joistgen GmbH, a developer of systems for cooling and lubrication. Additionally, Bosch Rexroth has agreed to acquire the associated German production company MSG Maschinen- und Stahlbau GmbH. Terms of the agreement were not disclosed.
With the acquisition of the two companies, we are strengthening our business with the machine tool industry and are reacting to the increased customer demand for single-source complete solutions,” said Albert Hieronimus, chairman of the Executive Board for Bosch Rexroth AG.
In 2007, Interlit Joistgen had turnover of over €13 million with 20 employees. MSG’s turnover was €7 million euros, with 80 employees.
Bosch Rexroth is in more than 80 countries. In 2007 Bosch Rexroth AG, part of the Bosch Group, achieved sales of about €5.4 billion.
