Bosch Group completed its acquisition of Siemens’s 50 percent

Company to be known in the future as BSH Hausgeräte GmbHHousehold-appliance manufacturer to be run as a largely independent operationExpansion of activities in connected buildings and appliances

On January 5, 2015, following the antitrust authorities’ approval, the Bosch Group completed its acquisition of Siemens’s 50 percent share in BSH Bosch und Siemens Hausgeräte GmbH. The former 50:50 Bosch-Siemens joint venture can therefore now be run as a wholly owned Bosch subsidiary. The household-appliance manufacturer with its roughly 50,000 associates generated sales of some 10.5 billion euros in 2013. Following listing in the commercial register, the company will be known as BSH Hausgeräte GmbH.

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