Bosch opens new Mobility Solutions development center in Budapest; boasts nearly 1,300 engineers

New Mobility Solutions development center

• Total of 1,300 engineers at the Budapest site
• Hungary is Bosch’s second-largest development site for the Mobility Solutions business sector in Europe
• Long-term importance of Hungary as a production and development site

Stuttgart, Budapest,  10-8-2015 — /EuropaWire/ — Bosch opened its new Mobility Solutions development center in Budapest. The site boasts nearly 1,300 engineers – twice as many as four years ago – who develop electronics and components for driver assistance and engine control systems. After Germany, Bosch employs the greatest number of researchers and developers for the Mobility Solutions business sector within Europe in Hungary. Since 2011, some 100 million euros have gone towards expanding the 50,000 square meters of the Budapest site, where the company opened its new Hungarian headquarters two years ago. More than 300 associates work in sales and administration at the Hungarian headquarters.

Over the past ten years, Bosch has invested nearly one billion euros in Hungary and considerably expanded its local presence. With its ongoing investments, the international supplier of technology and services is highlighting the growing importance of the country as a development and production site within the global Bosch network. “We aim to strengthen our innovativeness both locally and globally with these investments,” said Dr. Dirk Hoheisel, member of the Bosch board of management, at the official opening. “In doing so, we are placing our trust in our highly qualified and dedicated associates.”

Bosch in Hungary
Bosch has been present in Hungary since 1899. In 2014, it generated sales there of nearly 2.7 billion euros, which includes deliveries to other Bosch companies. The company is represented in Hungary with its four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Bosch employs 10,500 associates in Hungary, approximately 1,500 of whom are researchers and developers. The company has a total of five Hungarian production sites, where it manufactures automotive technology, e-bike components, industrial technology, and power tools.

Contact persons for press inquiries:
Trix Böhne, Phone: +49 711 811-6831
Agnes Grill, Phone: +49 711 811-38140

The Bosch Group is a leading global supplier of technology and services. It employs roughly 360,000 associates worldwide (as per April 1, 2015). The company generated sales of 49 billion euros in 2014.* Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in some 60 countries. Including its sales and service partners, Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. In 2014, Bosch applied for some 4,600 patents worldwide. The Bosch Group’s strategic objective is to create solutions for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.”

The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Additional information is available online at www.bosch.com and www.bosch-press.com, http://twitter.com/BoschPresse.

*The sales figure disclosed for 2014 does not include the former joint ventures BSH Bosch und Siemens Hausgeräte GmbH (now BSH Hausgeräte GmbH) and ZF Lenksysteme GmbH (now Robert Bosch Automotive Steering GmbH), which have since been taken over completely.

###

Bosch development center for Mobility Solutions in Hungary
On August 7, 2015, Bosch opened its new Mobility Solutions development center in Budapest (top left in the architectural rendering). The site boasts nearly 1,300 engineers – twice as many as four years ago – who develop electronics and components for driver assistance and engine control systems. After Germany, Bosch employs the greatest number of researchers and developers for the Mobility Solutions business sector within Europe in Hungary. Since 2011, some 100 million euros have gone towards expanding the 50,000 square meters of the Budapest site, where the company opened its Hungarian headquarters two years ago. More than 300 associates work in sales and administration at the Hungarian headquarters.