Bosch Power Tools to Acquire 50% Stake in FerRobotics for Contact-Sensitive Automation

Bosch Power Tools to Acquire 50% Stake in FerRobotics for Contact-Sensitive Automation

(IN BRIEF) Bosch Power Tools plans to purchase around 50% of FerRobotics Compliant Robot Technology GmbH, a global leader in contact-sensitive automation. The deal, signed on September 29, 2023, aims to expand Bosch Power Tools’ presence in the accessories market and leverage tactile-sensitive robots with their abrasive portfolio for industrial applications. FerRobotics, based in Linz, Austria, anticipates double-digit million sales for the current fiscal year and employs around 50 professionals. The purchase price remains undisclosed, pending regulatory approval. Ronald Naderer, FerRobotics CEO and co-founder, looks forward to the partnership and expanding the company’s automation solutions.

(PRESS RELEASE) STUTTGART/ LEINFELDEN-ECHTERDINGEN, 4-Oct-2023 — /EuropaWire/ — Robert Bosch GmbH, commonly known as Bosch, is a German multinational engineering and technology company, announces that Bosch Power Tools is set to acquire approximately 50% of FerRobotics Compliant Robot Technology GmbH, a global leader in contact-sensitive automation. The agreement, signed on September 29, 2023, marks Bosch Power Tools’ strategic move to expand its presence in the accessories business and foster growth. According to Thomas Donato, President of Bosch Power Tools, this partnership aims to unleash the full potential of tactile-sensitive robots in conjunction with their industrial abrasive portfolio.

”With the planned equity share in FerRobotics, we are opening up new market segments in the accessories business and are systematically driving our growth”, says Thomas Donato. ”Starting point of all our considerations is always the user of our products, which is also the reason for acquiring shares in FerRobotics. In combination with our unique abrasive portfolio for industrial applications, robots which are endowed with tactile sensitivity, unfold their full potential, and generate maximum added value.“

FerRobotics, headquartered in Linz, Austria, with distribution locations in the U.S. and China, employs around 50 professionals and anticipates sales in the double-digit millions for the current fiscal year. The terms of the purchase remain undisclosed and are subject to regulatory approval.

Founded in 2006 by Ronald Naderer, FerRobotics specializes in contact-intelligent automation solutions, particularly in surface finishing through sanding and polishing processes. Ronald Naderer, CEO of FerRobotics, highlighted the company’s commitment to simplifying complex processes, enhancing automation, and elevating production quality. He expressed enthusiasm for the partnership with Bosch Power Tools and their joint journey to expand FerRobotics’ reach in the automation industry.

“Our technological core competence are contact-intelligent automation solutions, fingertip-sensitive robots so to say, reliable, efficient and user-friendly”, says Ronald Naderer. “The patented technology and our product range have been revolutionizing the surface finishing in sanding and polishing processes in the leading industries for more than 15 years now and we want them to have an even wider distribution in the future. My team and I are very much looking forward to the cooperation and we want to continue the FerRobotics success story together with Bosch Power Tools”, says Naderer who will continue to accompany this new chapter as CEO.

Bosch Power Tools’ investment in FerRobotics aligns with its forward-looking strategy and commitment to shaping the future of automation.

The Robert Bosch Power Tools GmbH, a division of the Bosch Group, is one of the world’s leading providers for power tools, garden tools, power tool accessories and measuring tools. In 2022, its roughly 20,000 associates generated sales of 5.9 billion euros, about 90 percent of which outside of Germany. With brands such as Bosch and Dremel, the division stands for customer focus and great engineering progress. The core success factors are innovative strength and pace of innovation. In 2023, Bosch Power Tools will again launch more than 100 new products onto the market in its four business segments power tools, garden tools, accessories and measuring tools.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 421,000 associates worldwide (as of December 31, 2022). The company generated sales of 88.2 billion euros in 2022. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. 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 Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. With its more than 400 locations worldwide, the Bosch Group has been carbon neutral since the first quarter of 2020. The basis for the company’s future growth is its innovative strength. At 136 locations across the globe, Bosch employs some 85,500 associates in research and development, of which nearly 44,000 are software engineers.

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SOURCE: Robert Bosch GmbH



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