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Bosch closes acquisition of voltwerk electronics GmbH | Europe
 
   

Bosch closes acquisition of voltwerk electronics GmbH

Following the approval of the antitrust authorities, the Bosch Group has closed the acquisition of voltwerk electronics GmbH, a supplier of electronic components and software solutions for photovoltaic arrays. The agreement to purchase was signed in December 2011. It has been agreed that the purchase price will not be disclosed. voltwerk electronics GmbH will become part of Bosch Power Tec GmbH by the end of 2012. The Bosch subsidiary, which is based in Böblingen, was founded at the start of 2011 and is pushing the Bosch Group?s inverter business forward. As a result of the acquisition, Bosch Power Tec now employs some 130 associates at locations in Bal Vilbel, Hamburg, and Böblingen.
Inverters are playing an increasingly important role, not only in the field of renewable energy, but also for e-mobility. In electric vehicles, a conversion process is also needed so that the electric motor can use the direct current from the battery. Furthermore, when recuperating brake energy and feeding it back into the battery, inverters and their sophisticated power electronics are needed once more.
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Posted by Gloria Llopis | 2012-04-19