Bosch is selling its Building Technologies division’s product business for security and communications technology to the European investment firm Triton.
The transaction encompasses three business units – Video, Access and Intrusion, and Communication – and thus the entire product business of Bosch Building Technologies that was offered for sale. All 4,300 associates employed in these units at more than 90 locations worldwide will be taken over.
The parties signed agreements to this effect on December 12. It has been agreed that the purchase price and other details of the purchase agreement will not be disclosed. The transaction is subject to regulatory approvals and further customary closing conditions. It is expected to be closed by the end of the first half of 2025.
Back in October 2023, Bosch had announced that, as part of its realignment of its Building Technologies division, it would be selling most of the division’s product business.
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