BOSCH PLANS ACQUISITION OF THE MOTEC GROUP
Portfolio and market expansion underway for Bosch Motorsport
Bosch plans to acquire the MoTeC Group, headquartered in Melbourne, Australia.
MoTeC offers a wide range of technology for the motorsport market. Contracts for the planned acquisition were signed by Bosch and the MoTeC Group in June 2022.
The parties have agreed not to disclose the purchase price. The transaction is subject to approval by the merger control authorities.
In organisational terms, MoTeC will become an integral part of Bosch Motorsport, a business unit of Bosch Engineering GmbH, a 100 percent Bosch subsidiary based in Abstatt, Germany.
The MoTeC portfolio includes vehicle and engine control units, displays, data loggers and onboard power supply control units for both conventional and electric motorsport vehicles.
The company serves its customers in Australia, Asia-Pacific, Europe, the US and Japan through a global network of around 250 dealers.
With the acquisition of the MoTeC Group, Bosch Motorsport is extending its product portfolio and distribution to serve additional racing series as well as grassroots motorsport participants.
“With the MoTeC Group’s many years of experience and comprehensive expertise, as well as its worldwide dealer network, we are strengthening our position in motorsports and ideally complementing our product portfolio,” Bosch Motorsport Vice President, Dr Klaus Boettcher, said.
The MoTeC Group employs 54 people worldwide between its headquarters and a sales and technical customer service office in Banbury, UK. The MoTeC Group business will continue to operate as a separate legal entity under its own brand.
For more from Bosch, visit www.bosch.com.au