Bosch Building Technologies, a major player in the security market, has announced plans to sell off its Building Technologies security products businesses to focus on systems integration and services delivery.
Bosch is planning to sell its security products portfolio, including video surveillance, access control and intruder alarms
Affecting over 4,000 employees, the company has confirmed that its video, access and intrusion, and communication portfolios are part of the planned sale of its products division.
Bosch is seeking a buyer to take on all three business units, together with its employees and locations.
The fire alarm systems product division, however, is not to be sold. This will be merged with the integrator business and continued, due to its “importance for systems integration”.
Bosch says this is part of a ‘realignment strategy’, as it seeks to focus its efforts on its regional integrator business, with solutions and services for building security, energy efficiency, and building automation.
The remaining division, described as a “brand-independent systems integrator”, intends to benefit from digitalisation and a “growing demand for integrated, intelligent, and cross-domain solutions”.
Ambition to become “global leader for systems integration”
Christian Fischer, Deputy Chairman of the Bosch board of management, explained: “We want to become one of the global leaders for systems integration in building technology and to seize the favourable opportunities for growth in this market.
“To achieve this, we need to consolidate. This is why we will in the future be focusing on systems integration as our core business.”
Thomas Quante, President of Bosch Building Technologies, added: “We are confident we will be able to find a buyer who will take over all three business units, and who will further strengthen the business and give it a secure future.
“The product business is excellently positioned for a promising future under a new owner: innovative products, highly skilled associates, and a market environment with attractive opportunities for growth.”
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