Head of Communications
Stuttgart/Immenstaad/Berlin, 10/24/2011 -
The Bosch Group has completed the acquisition of the software specialist inubit AG, based in Berlin. The agreement for the 100 percent acquisition of inubit stock was signed last July; the antitrust authorities have since approved the transaction. It has been agreed that the purchase price will not be disclosed.
Inubit AG will initially remain a legally independent entity after the transaction has been closed. A merger with Bosch Software Innovations GmbH is planned for the medium term. The inubit acquisition puts the number of associates employed by the software and systems unit of the Bosch Group at 450 at its locations in Waiblingen, Immenstaad am Bodensee, Berlin, Chicago, and Singapore.
The closing of the transaction will add three members to the inubit AG executive board: in addition to Dr. Torsten Schmale (CEO) and Michael Hahn (COO), Erica Fölsche will accompany the integration into the Bosch Group as CFO. Dr. Heinz Derenbach, Chairman of the Board of Bosch Software Innovations GmbH, will become Chairman of the inubit Board of Directors. Together, the two companies will develop software products and industry-specific solutions for global applications in corporate and internet-based business models. Apart from these product solutions and cloud services, they will work with customers to implement projects and services that are specifically tailored to customers’ needs and requirements.
Bosch Software Innovations will soon be offering combined products for Business Process Management (BPM), Business Rules Management (BRM), Business Data Management, and Infrastructure Management. These products form the basis for applications in the Internet of Things and Services as well as for the development of business models based on those applications.
"With inubit’s additional process and technology expertise, we are taking the development of Bosch activities in the realm of the Internet of Things and Services further forward," Derenbach said. "Together, we can use this competence to meet the needs of all fields in the connected world – companies, mobility, energy management, city, life, and industry," he continued. "Our companies, technology, and cultures complement one another perfectly," Dr. Schmale said. This way, an even more comprehensive and attractive product portfolio can be offered to customers. "Under the motto 'integrate & innovate – creating the future together' we can now consistently build on existing business segments and, at the same time, tap new and promising markets," Schmale said.
© Bosch Software Innovations GmbH