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BOSCH ACHIEVES MORE THAN 50 PERCENT
23 February 2007 - Bosch
TAKEOVER BID FOR PACIFICA:
Bosch achieves more than 50 percent · Assumption of industrial leadership by Bosch now possible · Pacifica Group: 2005 sales of 480 million euros; roughly 2,000
associates worldwide STUTTGART - Up to February 23, 2007, shareholders of Pacifica Group
Limited, located in Melbourne, Australia, have offered Bosch 50.86
percent of shares in the Australian brakes maker for purchase. This means
that it is now possible for Bosch to assume the industrial leadership of
Pacifica. All regulatory approvals have already been obtained. Pacifica
will be part of the Bosch Chassis Systems Brakes division. ''We have achieved our goal and have received shareholder acceptances for
more than 50 percent of Pacifica-shares - well before the offer period
expires on March 4, 2007'', said Dr. Bernd Bohr, member of the Bosch Board
of Management and Chairman of the Automotive Group. ''With the acquisition
of the Pacifica Group, we want to bolster our brakes business, above all
in the Americas and Asia Pacific'', Bohr added. The Pacifica Group is a leading manufacturer of brake calipers, parking
brakes, and brake components for the automotive equipment and spare parts
business. In 2005, the company generated sales of roughly 480 million
euros, and employs some 2,000 associates worldwide. In 2006, Bosch generated sales of some five billion euros with its
braking systems business, which employs some 18,000 associates worldwide. The Bosch Group is a leading global manufacturer of automotive and
industrial technology, consumer goods, and building technology. In fiscal
2006, some 260,000 associates generated sales of 43.7 billion euros. Set
up in Stuttgart in 1886 by Robert Bosch (1861-1942) as ''Workshop for
Precision Mechanics and Electrical Engineering,'' the Bosch Group today
comprises a manufacturing, sales, and after-sales service network of some
300 subsidiaries and more than 13,000 Bosch service centers in over 140
countries. The special ownership structure of the Bosch Group guarantees its
financial independence and entrepreneurial freedom. It makes it possible
for the company to undertake significant up-front investments in the
safeguarding of its future, as well as to do justice to its social
responsibility in a manner reflective of the spirit and will of its
founder. A total of 92 % of the share capital of Robert Bosch GmbH is
held by the charitable foundation Robert Bosch Stiftung. The
entrepreneurial ownership functions are carried out by Robert Bosch
Industrietreuhand KG. Additional information can be accessed at www.bosch.com.
www.boschautoparts.co.uk
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