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EXPIRATION OF OFFER PERIOD:
05 March 2007 - Bosch
Bosch acquires 75.3 percent share in Pacifica Group
· Bosch acquires 75.3 percent of Pacifica shares; transaction value of
235 million Australian dollars (141 million euros) STUTTGART - Following the expiration of the offer period on March 4,
2007, Bosch has acquired 75.3 percent of shares in Pacifica Group Limited,
located in Melbourne, Australia. Bosch is paying 2.20 Australian dollars
per share in cash; the transaction value amounts to 235 million
Australian dollars (141 million euros). With the acquisition of Pacifica, Bosch intends to bolster its brakes
business, above all in the Americas and Asia Pacific. The Pacifica Group
is a leading manufacturer of brake calipers, parking brakes, and brake
components for the automotive equipment and spare parts business. In 2006,
the company generated sales of 838 million Australian dollars (503
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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