Lohr, Germany / Cixi, China – Bosch Rexroth is set to acquire a majority stake in Zhejiang Easun Pneumatic Technology Co. Ltd. (Easun), based in Cixi, China. Easun, one of the leading pneumatics companies in China, develops, produces and sells pneumatic cylinders, valves, maintenance units and accessories for the local market, and employs around 900 people.
The purchase agreement was signed on June 30, 2008 in Cixi. Both parties have agreed not to disclose the purchase price. The acquisition is subject to approval by the authorities. Bosch Rexroth has been represented by its own companies in China since the 1970s, offering its customers the complete range of drive and control products and manufacturing at three locations. In 2007, Bosch Rexroth generated sales of around 350 million euro in China with a workforce of more than 2,000 associates. In 2007, the Bosch Group as a whole achieved consolidated sales of around 1.8 billion euro in China and employed more than 17,000 associates.
Filed Under: Pneumatic equipment + components