(IN BRIEF) Bosch aims for sustainable growth with investment in industrial technology, with plans to increase sales from €7 billion to over €10 billion by 2028. This expansion is expected to be driven by increasing demand for automation and Industry 4.0 solutions, as well as growing interest in GreenTech for ecological transformation. To achieve this growth, Bosch will invest over €3 billion in industrial technology in 2022 and 2023, with the recent acquisition of HydraForce being its largest acquisition in the Industrial Technology business sector. Bosch is showcasing its industrial technology portfolio at the upcoming Hannover Messe, including collaborative robotics, control technology, hydraulics, electrified mobile machinery, stationary fuel cells, and automated battery recycling.
(PRESS RELEASE) STUTTGART, 14-Apr-2023 — /EuropaWire/ — Bosch wants to achieve sustainable growth with industrial technology. Its sales of industrial technology are expected to rise from their current level of 7 billion euros to more than 10 billion euros by 2028. The aim is to achieve profitable growth: “We want to increase result more than sales and sustainably increase the value of the company. To this end, Bosch will invest a combined total of more than 3 billion euros in industrial technology in 2022 and 2023, ensuring organic and inorganic growth,” says the Bosch chairman Dr. Stefan Hartung. The acquisition of the U.S. hydraulics company HydraForce and its roughly 2,100 associates means that Bosch’s biggest current acquisition is in its Industrial Technology business sector. This merger sees Bosch Rexroth expanding its leading global position in hydraulics, supplying technology for excavators, cranes, tractors, and for plant and machinery in factories.
Industrial technology offers enormous growth potential for Bosch. This is driven by an increasing need for automation and Industry 4.0 solutions, the “merging” of electrical and hydraulic systems, and growing demand for GreenTech for the ecological transformation of the economy. “By strengthening Industrial Technology, we are creating a better balance among our areas of business. Our broad diversification as a global technology company makes Bosch more creative and robust,” Hartung says. Within the Bosch Group as well, Industrial Technology is an important service provider, equipping the roughly 240 Bosch plants worldwide with manufacturing technology to ensure resource-efficient, customer-specific production. This saves the group from having to make orders worth over half a billion euros every year. At Hannover Messe (April 17–21, 2023), Bosch is showcasing its industrial technology portfolio, including innovations in collaborative robotics, control technology for Industry 4.0, energy-efficient hydraulics, electrified mobile machinery, stationary fuel cells for buildings and factories, and automated battery recycling.
“By strengthening Industrial Technology, we are creating a better balance among our areas of business. Our broad diversification as a global technology company makes Bosch more creative and robust,” says the Bosch chairman Dr. Stefan Hartung.
GreenTech: Bosch sales with solutions for industry reach the billion mark
Industrial technology is growing thanks both to various sectors of the economy moving toward climate neutrality and to the emergence of a circular economy. “Without capital goods, the ecological transformation of business would not be conceivable. Industrial technology enables the sustainable transformation of different sectors of the economy,” Hartung says. Bosch is developing solutions that conserve resources, reduce energy consumption, protect the environment, and mitigate global warming. In 2022, Bosch generated sales of more than 1 billion euros with environmental technology for industry – a year-on-year increase of 25 percent. In other words, Bosch reached its sales target for 2023 one year earlier than planned. And the company is continuing to expand its GreenTech portfolio. Bosch Rexroth, for example, is launching its eLION portfolio solutions for the electrification of mobile machinery such as excavators, wheel loaders, and tractors. With over 80 motor variants, graded according to power and size, the company offers the broadest range in the industry, helping to reduce carbon emissions on construction sites, in mining, and in ports. International customers such as Sennebogen and Kalmar Cargotec are already using the new Bosch drives in their products, and in this way driving forward the electrification of mobile machinery. The demand for GreenTech is also increasing in factories. As a result of climate-action measures, companies are modernizing their installed machinery and equipment on the one hand and building new manufacturing facilities on the other, for example for batteries and fuel cells. At Hannover Messe, Bosch is showcasing manufacturing technology for battery production – and for recycling. “The only way we can make a success of electromobility is if we recover the raw materials we use,” Hartung says. Bosch Rexroth has developed an automated battery discharge system that not only simplifies recycling, but is also more efficient than manual processes. The technology is being used for the first time by REMONDIS and Rhenus Automotive at their Magdeburg site in Germany.
Hydrogen: Bosch is relying on its own know-how for technology development
In addition to storage media such as batteries, “conversion artists” such as fuel cells are important elements of a climate-neutral future. At Hannover Messe, Bosch is presenting stationary solid-oxide fuel cells (SOFCs) with an overall efficiency of more than 85 percent. These distributed energy converters are currently being tested in some 60 pilot plants. One of them is the Hydrogen Campus in Salzgitter, Germany: at this Bosch site, ten SOFC fuel-cell systems have been integrated into the plant’s energy supply system. Bosch is aiming to launch the stationary fuel cells commercially in 2025. The components are manufactured using Bosch’s own know-how and technology. From cell to stack to the overall system: Bosch’s special-purpose machinery unit supplies more than 50 percent of the manufacturing equipment required for fuel-cell production. In the future, the Bosch portfolio will also feature components for electrolyzers. The market launch for the heart of the electrolyzer, known as the stack, is planned for 2025.
Industry 4.0: Bosch software conserves resources
Energy, factory supplies, raw materials – resources are rare and precious. “Our response to shortages is efficiency. Anyone looking to manufacture sustainably needs to adopt Industry 4.0,” Hartung says. For example, Bosch Connected Industry’s Nexeed Industry 4.0 software increases plant effectiveness in factories by an average of 5 percent, cuts maintenance costs by 25 percent, and reduces waste. Nexeed is already being put through its paces in more than half of Bosch’s roughly 240 plants and at more than 100 international customers. Software also helps combine conventional and novel technologies. One example is hydraulics: for more than 200 years, fluid mechanics have been used whenever large loads need to be moved with minimal effort, for example in plastics machinery or presses. Thanks to load-dependent control, Bosch Rexroth variable-speed pump drives are now always in the optimum operating mode. They switch to standby mode when not in use. Compared to conventional drives, this reduces the hydraulic systems’ energy consumption by up to 80 percent.
Automation: Bosch technology reduces complexity
Aging society, labor shortages, limited resources in general: the challenges are mounting. Bosch is focusing on an education and training campaign and on technology that supports companies and relieves workers of certain tasks. Bosch Rexroth’s ctrlX AUTOMATION modular automation system, for example, understands over 30 programming languages and allows users to develop their own apps and services. More than 600 customers already rely on this pioneering form of automation. “The only way we can overcome the pressing challenges of our time is by joining forces to make more of a difference. ‘Co-creation’ and making systems open for others are important considerations here,” Hartung says. Bosch Rexroth is pursuing this approach in hydraulics as well. Whereas control technology was previously tied to hardware, the company has now transferred this to software modules. This means mechanical engineers can continue to use existing automation architectures; specific hydraulics know-how is no longer required.
Automation also supports workers directly, for example by relieving them of monotonous or strenuous tasks. At Hannover Messe, Bosch Rexroth is showcasing articulated, fine-motor lightweight cobots that reach around corners in seven axes and help workers load, palletize, and inspect workpieces. These cobots are in demand. The global market for industrial automation is growing rapidly: while sales of automation technology were just under 200 billion euros in 2021, they are expected to grow to more than 400 billion euros globally by 2030 – with annual growth rates of over 8 percent (source: Precedence Research, 2022). “Megatrends such as digitalization, an aging society, and efforts toward greater sustainability are driving the demand for automation. Factory automation is a strategic business area for Bosch in which we aim to achieve double-digit growth every year – and thus grow faster the market,” Hartung says.
Media Contact:
Dennis Christmann
Phone: +49 711 811-58178
Twitter: @BoschPress
SOURCE: BOSCH
MORE ON BOSCH, ETC.:
- Astor Asset Management 3 Ltd: Salinas Pliego Incumple Préstamo de $110 Millones USD y Viola Regulaciones Mexicanas
- Astor Asset Management 3 Ltd: Salinas Pliego Verstößt gegen Darlehensvertrag über 110 Mio. USD und Mexikanische Wertpapiergesetze
- ChargeEuropa zamyka rundę finansowania, której przewodził fundusz Shift4Good tym samym dokonując historycznej francuskiej inwestycji w polski sektor elektromobilności
- Strengthening EU Protections: Robert Szustkowski calls for safeguarding EU citizens’ rights to dignity
- Digi Communications NV announces the release of H1 2024 Financial Results
- Digi Communications N.V. announces that conditional stock options were granted to a director of the Company’s Romanian Subsidiary
- Digi Communications N.V. announces Investors Call for the presentation of the H1 2024 Financial Results
- Digi Communications N.V. announces the conclusion of a share purchase agreement by its subsidiary in Portugal
- Digi Communications N.V. Announces Rating Assigned by Fitch Ratings to Digi Communications N.V.
- Digi Communications N.V. announces significant agreements concluded by the Company’s subsidiaries in Spain
- SGW Global Appoints Telcomdis as the Official European Distributor for Motorola Nursery and Motorola Sound Products
- Digi Communications N.V. announces the availability of the instruction regarding the payment of share dividend for the 2023 financial year
- Digi Communications N.V. announces the exercise of conditional share options by the executive directors of the Company, for the year 2023, as approved by the Company’s Ordinary General Shareholders’ Meetings from 18th May 2021 and 28th December 2022
- Digi Communications N.V. announces the granting of conditional stock options to Executive Directors of the Company based on the general shareholders’ meeting approval from 25 June 2024
- Digi Communications N.V. announces the OGMS resolutions and the availability of the approved 2023 Annual Report
- Czech Composer Tatiana Mikova Presents Her String Quartet ‘In Modo Lidico’ at Carnegie Hall
- SWIFTT: A Copernicus-based forest management tool to map, mitigate, and prevent the main threats to EU forests
- WickedBet Unveils Exciting Euro 2024 Promotion with Boosted Odds
- Museum of Unrest: a new space for activism, art and design
- Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by companies within Digi Group
- Digi Communications N.V. announces the agreements concluded by Digi Romania (formerly named RCS & RDS S.A.), the Romanian subsidiary of the Company
- Green Light for Henri Hotel, Restaurants and Shops in the “Alter Fischereihafen” (Old Fishing Port) in Cuxhaven, opening Summer 2026
- Digi Communications N.V. reports consolidated revenues and other income of EUR 447 million, adjusted EBITDA (excluding IFRS 16) of EUR 140 million for Q1 2024
- Digi Communications announces the conclusion of Facilities Agreements by companies from Digi Group
- Digi Communications N.V. Announces the convocation of the Company’s general shareholders meeting for 25 June 2024 for the approval of, among others, the 2023 Annual Report
- Digi Communications NV announces Investors Call for the presentation of the Q1 2024 Financial Results
- Digi Communications intends to propose to shareholders the distribution of dividends for the fiscal year 2023 at the upcoming General Meeting of Shareholders, which shall take place in June 2024
- Digi Communications N.V. announces the availability of the Romanian version of the 2023 Annual Report
- Digi Communications N.V. announces the availability of the 2023 Annual Report
- International Airlines Group adopts Airline Economics by Skailark ↗️
- BevZero Spain Enhances Sustainability Efforts with Installation of Solar Panels at Production Facility
- Digi Communications N.V. announces share transaction made by an Executive Director of the Company with class B shares
- BevZero South Africa Achieves FSSC 22000 Food Safety Certification
- Digi Communications N.V.: Digi Spain Enters Agreement to Sell FTTH Network to International Investors for Up to EUR 750 Million
- Patients as Partners® Europe Announces the Launch of 8th Annual Meeting with 2024 Keynotes and Topics
- driveMybox continues its international expansion: Hungary as a new strategic location
- Monesave introduces Socialised budgeting: Meet the app quietly revolutionising how users budget
- Digi Communications NV announces the release of the 2023 Preliminary Financial Results
- Digi Communications NV announces Investors Call for the presentation of the 2023 Preliminary Financial Results
- Lensa, един от най-ценените търговци на оптика в Румъния, пристига в България. Първият шоурум е открит в София
- Criando o futuro: desenvolvimento da AENO no mercado de consumo em Portugal
- Digi Communications N.V. Announces the release of the Financial Calendar for 2024
- Customer Data Platform Industry Attracts New Participants: CDP Institute Report
- eCarsTrade annonce Dirk Van Roost au poste de Directeur Administratif et Financier: une décision stratégique pour la croissance à venir
- BevZero Announces Strategic Partnership with TOMSA Desil to Distribute equipment for sustainability in the wine industry, as well as the development of Next-Gen Dealcoholization technology
- Digi Communications N.V. announces share transaction made by a Non-Executive Director of the Company with class B shares
- Digi Spain Telecom, the subsidiary of Digi Communications NV in Spain, has concluded a spectrum transfer agreement for the purchase of spectrum licenses
- Эксперт по торговле акциями Сергей Левин запускает онлайн-мастер-класс по торговле сырьевыми товарами и хеджированию
- Digi Communications N.V. announces the conclusion by Company’s Portuguese subsidiary of a framework agreement for spectrum usage rights
- North Texas Couple Completes Dream Purchase of Ouray’s Iconic Beaumont Hotel
- Предприниматель и филантроп Михаил Пелег подчеркнул важность саммита ООН по Целям устойчивого развития 2023 года в Нью-Йорке
- Digi Communications NV announces the release of the Q3 2023 Financial Results
- IQ Biozoom Innovates Non-Invasive Self-Testing, Empowering People to Self-Monitor with Laboratory Precision at Home
- BevZero Introduces Energy Saving Tank Insulation System to Europe under name “BevClad”
- Motorvision Group reduces localization costs using AI dubbing thanks to partnering with Dubformer
- Digi Communications NV Announces Investors Call for the Q3 2023 Financial Results
- Jifiti Granted Electronic Money Institution (EMI) License in Europe
- Предприниматель Михаил Пелег выступил в защиту образования и грамотности на мероприятии ЮНЕСКО, посвящённом Международному дню грамотности
- VRG Components Welcomes New Austrian Independent Agent
- Digi Communications N.V. announces that Digi Spain Telecom S.L.U., its subsidiary in Spain, and abrdn plc have completed the first investment within the transaction having as subject matter the financing of the roll out of a Fibre-to-the-Home (“FTTH”) network in Andalusia, Spain
- Продюсер Михаил Пелег, как сообщается, работает над новым сериалом с участием крупной голливудской актрисы
- Double digit growth in global hospitality industry for Q4 2023
- ITC Deploys Traffic Management Solution in Peachtree Corners, Launches into United States Market
- Cyviz onthult nieuwe TEMPEST dynamische controlekamer in Benelux, Nederland
- EU-Funded CommuniCity Launches its Second Open Call
- Astrologia pode dar pistas sobre a separação de Sophie Turner e Joe Jonas
- La astrología puede señalar las razones de la separación de Sophie Turner y Joe Jonas
- Empowering Europe against infectious diseases: innovative framework to tackle climate-driven health risks
- Montachem International Enters Compostable Materials Market with Seaweed Resins Company Loliware
- Digi Communications N.V. announces that its Belgian affiliated companies are moving ahead with their operations
- Digi Communications N.V. announces the exercise of conditional share options by an executive director of the Company, for the year 2022, as approved by the Company’s Ordinary General Shareholders’ Meeting from 18 May 2021
- Digi Communications N.V. announces the availability of the instruction regarding the payment of share dividend for the 2022 financial year
- Digi Communications N.V. announces the availability of the 2022 Annual Report
- Digi Communications N.V. announces the general shareholders’ meeting resolutions from 18 August 2023 approving amongst others, the 2022 Annual Accounts
- Русские эмигранты усиливают призывы «Я хочу, чтобы вы жили» через искусство
- BevZero Introduces State-of-the-Art Mobile Flash Pasteurization Unit to Enhance Non-Alcoholic Beverage Stability at South Africa Facility
- Russian Emigrés Amplify Pleas of “I Want You to Live” through Art
- Digi Communications NV announces the release of H1 2023 Financial Results
- Digi Communications NV Announces Investors Call for the H1 2023 Financial Results
- Digi Communications N.V. announces the convocation of the Company’s general shareholders meeting for 18 August 2023 for the approval of, among others, the 2022 Annual Report
- “Art Is Our Weapon”: Artists in Exile Deploy Their Talents in Support of Peace, Justice for Ukraine
- Digi Communications N.V. announces the availability of the 2022 Annual Financial Report
- “AmsEindShuttle” nuevo servicio de transporte que conecta el aeropuerto de Eindhoven y Ámsterdam
- Un nuovo servizio navetta “AmsEindShuttle” collega l’aeroporto di Eindhoven ad Amsterdam
- Digi Communications N.V. announces the conclusion of an amendment agreement to the Facility Agreement dated 26 July 2021, by the Company’s Spanish subsidiary
- Digi Communications N.V. announces an amendment of the Company’s 2023 financial calendar
- iGulu F1: Brewing Evolution Unleashed
- Почему интерактивная «Карта мира» собрала ключевые антивоенные сообщества россиян по всему миру и становится для них важнейшим инструментом
- Hajj Minister meets EU ambassadors to Saudi Arabia
- Online Organizing Platform “Map of Peace” Emerges as Key Tool for Diaspora Activists
- Digi Communications N.V. announces that conditional stock options were granted to executive directors of the Company based on the general shareholders’ meeting approval from 18 May 2021
- Digi Communications N.V. announces the release of the Q1 2023 financial results
- AMBROSIA – A MULTIPLEXED PLASMO-PHOTONIC BIOSENSING PLATFORM FOR RAPID AND INTELLIGENT SEPSIS DIAGNOSIS AT THE POINT-OF-CARE
- Digi Communications NV announces Investors Call for the Q1 2023 Financial Results presentation
- Digi Communications N.V. announces the amendment of the Company’s 2023 financial calendar
- Digi Communications N.V. announces the conclusion of two Facilities Agreements by the Company’s Romanian subsidiary
- Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by the Company’s Romanian subsidiary
- Patients as Partners Europe Returns to London and Announces Agenda Highlights
- GRETE PROJECT RESULTS PRESENTED TO TEXTILE INDUSTRY STAKEHOLDERS AT INTERNATIONAL CELLULOSE FIBRES CONFERENCE
- Digi Communications N.V. announces Digi Spain Telecom S.L.U., its subsidiary in Spain, entered into an investment agreement with abrdn to finance the roll out of a Fibre-to-the-Home (FTTH) network in Andalusia, Spain
- XSpline SPA / University of Linz (Austria): the first patient has been enrolled in the international multicenter clinical study for the Cardiac Resynchronization Therapy DeliveRy guided by non-Invasive electrical and VEnous anatomy assessment (CRT-DRIVE)
- Franklin Junction Expands Host Kitchen® Network To Europe with Digital Food Hall Pioneer Casper
- Unihertz a dévoilé un nouveau smartphone distinctif, Luna, au MWC 2023 de Barcelone
- Unihertz Brachte ein Neues, Markantes Smartphone, Luna, auf dem MWC 2023 in Barcelona
- Editor's pick archive....