Robert Bosch GmbH

Robert Bosch GmbH
GmbH (Private company)
Industry Engineering
Electronics
Founded 15 November 1886 (adopted current name in 1937)
Founder Robert Bosch
Headquarters Stuttgart, Germany
Area served
 Worldwide
Key people
 Volkmar Denner (CEO)
Products Automotive parts, power tools, security systems, home appliance
Revenue Increase €48.9 billion (2014)
Number of employees
 281,381 (as of December 31, 2013)
Subsidiaries BOSCH Ltd.
Website bosch.com
Footnotes / references
Accounting methods changed from 2012 to 2013[1]

Robert Bosch GmbH ( pronunciation ), or Bosch, is a German multinational engineering and electronics company headquartered in Gerlingen, near Stuttgart, Germany. It is the world's largest supplier of automotive components measured by 2011 revenues.[2] The company was founded by Robert Bosch in Stuttgart in 1886.[3]

Bosch's core products are automotive components (including brakes, controls, electrical drives, electronics, fuel systems, generators, starter motors and steering systems), industrial products (including drives and controls, packaging technology and consumer goods) and building products (including household appliances, power tools, security systems and thermotechnology).[4]

Bosch has more than 350 subsidiaries across over 60 countries and its products are sold in around 150 countries.[4] Bosch employs around 306,000 people and had revenues of approximately €52.5 billion in 2012. In 2012 it invested around €4.8 billion in research and development and applied for around 4,800 patents worldwide.[4] In 2009 Bosch was the leader in terms of numbers of patents at the German Patent and Trade Mark Office (GPTO) with 3,213 patents.

However, Bosch continued to extend its international footprint through company acquisitions and investments in new plants, and will continue along with this path in 2013. For example, the Bosch Group is planning to set up a manufacturing site for automotive windshield-wiper systems near Belgrade, Serbia. By 2019 some 70 million euros will be invested. Construction work was set to begin in early 2012, with production due to commence at the start of 2013. Initially, some 60 associates will work in manufacturing operations with a floor area of around 22,000 square meters. By 2019 the number of associates is set to rise to some 620. Its objectives are to achieve a better increase in sales than in 2012 and to improve result significantly.[5]

Robert Bosch GmbH is privately owned, and 92% of its share capital is held by Robert Bosch Stiftung GmbH, a charitable foundation.[4] The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust.[4] The remaining shares are held by the Bosch family and by Robert Bosch GmbH.[4] The Bosch logo represents a simple magneto armature and casing, one of the company's first products.

History

19th century

Robert Bosch aged 27.

20th century

1925 in the Netherlands

21st century

Operations

Bosch comprises more than 350 subsidiary companies. In addition to automotive components, which generate around 60% of its revenues, Bosch produces industrial machinery and hand tools.[15]

Locations

The Bosch world headquarters in Gerlingen, Germany

Although most of the company's plants and employees are located in Germany (112,300 employees), Bosch is a worldwide company.[3]

In North America, Robert Bosch LLC (a wholly owned Bosch subsidiary) has corporate headquarters in Farmington Hills, MI. Three Research Technology Centers are located in Pittsburgh, PA, Palo Alto, CA and Cambridge, MA.[16] Factories and distribution facilities are located in Mt. Prospect, Illinois; Hoffman Estates, Illinois; Broadview, Illinois; Kentwood, Michigan; Waltham, Massachusetts; Clarksville, Tennessee; Anderson, South Carolina; Charleston, South Carolina; South Bend, Indiana (to close 2011[17]); and 11 other cities. There are also two corporate sites in Brazil and ten in Mexico where a central purchasing office for all divisions of Bosch Group is located in Broadview, Illinois. In North America, Bosch employs about 24,750 people in 80 locations, generating $8.8 billion in sales in 2006.[18]

There are other wholly owned Bosch subsidiaries in:

and other countries. Bosch employs over 281,717 people in more than 50 countries, supplying a complex distribution network of new products and parts.[21]

India Operations

Bosch entered India in 1922, when Illies & Company set up a sales office in Calcutta. For three decades, the company operated in the Indian market only through imports. In 1951, Bosch set up its first manufacturing plant in India.[22]

Currently, Bosch India has a turnover of over $2 billion and over 26000 employees spread across 10 locations and 7 application development centers. 84% of Bosch India revenues come from its automotive business, with the remaining 16% split between its non-automotive businesses that include packaging, energy and building solutions, power tools and consumer retail.[23] Bosch also has an R&D facility in Bangalore, India. This is Bosch's largest R&D facility outside its home market of Germany.[24]

Bosch India is listed on the Indian stock exchanges and has a market capitalization of over $12 billion.[25]

Activities

Automotive components

The Bosch R&D center in Abstatt, Germany, which is a major site for the development of automotive components.

About 60% of Bosch's worldwide annual sales are produced in automotive technology. Bosch invented the first practical magneto, an early ignition electrical source, which provided the spark to ignite the fuel in most of the earliest internal combustion engines, and is still used in general aviation engines. Bosch's corporate logo to this date depicts the armature from a magneto. Bosch was an early manufacturer of Anti-lock Braking System (ABS), and as time passed, Bosch became a leader in such specialized fields as traction control systems (TCS), the Electronic Stability Program (ESP), body electronics (such as central locking, doors, windows and seats), and oxygen sensors, injectors and fuel pumps. Even in such humble technological areas as spark plugs, wiper blades, engine cooling fans and other aftermarket parts, Bosch has over $1 billion in annual sales.

Bosch is a leading player in car stereo systems and in-car navigation systems.

Bosch is supplying hybrid diesel-electric technology to automakers, including PSA Peugeot 3008.[26]

BOSCH at the Simonyi Conference - 2014
BOSCH at the Simonyi Conference - 2014

Industrial technology

Bosch's subsidiary Bosch Rexroth is a supplier of industrial technology, producing hydraulic, electric, and pneumatic machinery for driving, controlling, and moving machines in applications ranging from automotive to mining.[3]

Bosch's packaging technology division plans, designs, manufactures and installs packaging lines for manufacturers of pharmaceutical, confectionery, food, and similar products. Bosch is one of the largest supplier of packaging technology.

Consumer goods and power tools

Bosch belt sander 1274 DVS

Bosch caters to the areas of consumer goods and building technology with its power tool, thermotechnology, and security systems, as well as with its household appliances business within the BSH Bosch and Siemens Hausgeräte GmbH joint venture. In the US, power tools are provided by the Robert Bosch Tool Corporation based in Mt. Prospect, Illinois.[27][28]

With its brands Bosch, Hawera, Skil, Dremel, RotoZip, Freud, Vermont American, and many more, Bosch is one of the largest manufacturer of portable power tools worldwide. Bosch manufactures power tools for the building trade, industry, and do-it-yourselfers (DIY-ers). In or around 1956, Dr. Hans Erich Slany worked with Bosch to design one of the first plastic power tools. Prior to this time, power tools were metal castings that often conducted electrical sparks or current into the user as well as being very heavy. Today the power tools designed by TEAMS Design have been winning awards worldwide for many years.[29] In 2011, the 12" Dual-Bevel Glide Miter Saw won an EID Silver Award.[30] In 2012, the Dremel Saw Max was awarded a Good Design Award[31] and was chosen as an IDEA Award finalist.[32] The product range also includes accessories such as drill bits and saw blades, under its Vermont American brand, as well as gardening and water gardening products under its Gilmour, LR Nelson, and Sunterra brands.[33]

Bosch is the largest European manufacturer of thermotechnology (heating units, etc.) with its subsidiary BBT Thermotechnik GmbH. It had revenues of €2.8 billion in 2006. Its brands include Bosch, Buderus, Junkers, Dakon, e.l.m leblanc S.A., Florida Heat Pump (FHP), Geminox, IVT, Nefit, Sieger, Vulcano and Worcester.

Security systems

In 2001, Bosch bought Detection Systems and Radionics, Inc., to build their business in the North American security and life safety products manufacturing/supply business. Through the Detection Systems acquisition, Bosch also obtained additional sales channels in Latin America, Asia-Pacific (including Australia), and Europe.[34][35]

In 2002, Bosch acquired Philips Communications and Security, Inc., adding a video surveillance portfolio, as well as sales channels, to its business.[36]

In January 2006, Bosch acquired the Telex Group comprising Electro-Voice, Dynacord, Midas, Klark Teknik, Telex, and RTS.[37] Midas & Klark Teknik parted company with Bosch on 8 December 2009 and are now part of Music Group.[38]

In 2008, Bosch acquired Extreme CCTV, a rugged camera and IP camera manufacturer, to further expand their video surveillance portfolio.[39][40]

Mobile phones

Bosch also used to create mobile phones for a short time. Their first three mobile phones were the Com 906, Com 738 and World 718, all from 1996. In 1997, they released two other phones: Com 207 and Com 607. The Com 908 came out in 1998, and in 1999 they released their final phones: the Com 509, the 909 Dual and the 909 Dual S.

Joint ventures

BSH Bosch und Siemens Hausgeräte

BSH Bosch und Siemens Hausgeräte GmbH, in which Bosch and Siemens AG each hold a 50% share, is one of the world's top three companies in the household appliances industry. In Germany and Western Europe, BSH is the market leader. Its portfolio includes the principal brand names Bosch and Siemens, Gaggenau, Neff, Thermador, Constructa, Viva, and ufesa brands, and further six regional brands. Bosch household appliances for the North American market are mainly manufactured at its factory near New Bern, North Carolina. The distribution of manufacturing workforce in household appliances is:

with 39,000 employees overall.

In 2014, Bosch acquired all shares of BSH.

Purolator Filters

Bosch owned 50% of Purolator Filters in a joint venture with Mann+Hummel until 2013. In 2013 the Mann+Hummel Group has taken over the remaining 50% stakes from Bosch.

Bosch owns 50% of the home appliance manufacturer Bosch-Siemens Hausgeräte.[3] The vehicle audio equipment company Blaupunkt was a subsidiary of Bosch until March 2009.[3]

SB LiMotive

Main article: SB LiMotive

In June 2008 Bosch formed SB LiMotive, a 50:50 joint company with Samsung SDI. The company held ground breaking ceremony for a 28.000 m2 lithium-ion battery cell manufacturing plant in September 2009 and it is scheduled to start production for hybrid vehicles in 2011 and for electric vehicles in 2012 The plant will generate a 1.000 jobs in Ulsan, Korea in addition to the 500 employees in Korea, Germany and the USA. SB LiMotive was officially ended in September 2012 with both companies focusing on automotive batteries alone.

Corporate affairs

Robert Bosch GmbH, including its wholly owned subsidiaries such as Robert Bosch LLC in North America, is unusual in that it is an extremely large, privately owned corporation that is almost entirely (92%) owned by a charitable foundation. Thus, while most of the profits are invested back into the corporation to build for the future and sustain growth, nearly all of the profits distributed to shareholders are devoted to humanitarian causes.

Diagram of Robert Bosch GmbH (Beteiligung relates to shares, Stimmen to voice/votes).

As shown in the diagram (above), the Robert Bosch Stiftung (Robert Bosch Foundation) holds 92% of the shares (Beteiligung) of Robert Bosch GmbH, but no voting rights (Stimmrecht). The Robert Bosch Industrietreuhand KG (Robert Bosch Industrial Trust KG), with old members of the company management, agents of the Bosch family, and other eminent people from the industry (such as Jürgen Hambrecht, CEO of BASF), have 93% of the votes (Stimmen), but no shares (0.01%). The remaining 8% of shares and 7%[3] of voting-rights are held by the descendants of the company founder Robert Bosch (Familie Bosch).[41]

For example, in 2004, the net profit was US$2.1 billion, but only US$78 million was distributed as dividends to shareholders. Of that figure, US$72 million was distributed to the charitable foundation, and the other US$6 million to Bosch family stockholders. The remaining 96% of the profits were invested back into the company. In its core automotive technology business, Bosch invests 9% of its revenue on research and development, nearly double the industry average of 4.7%.[42]

Accreditations

Almost all Bosch locations are both ISO 9001 certified (quality) and ISO 14001 certified (environmental protection).[43] In addition to that, their management is compliant with OHSAS 18001.

See also

References

  1. ↑ "Annual Report 2013" (PDF). Robert Bosch GmbH.
  2. ↑ "German Business Confidence Fell for a Second Month in April". Bloomberg Businessweek. 21 April 2011. Retrieved 23 September 2011.
  3. ↑ 3.0 3.1 3.2 3.3 3.4 3.5 "Robert Bosch GmbH Company Profile". Yahoo! Finance. Yahoo!.
  4. ↑ 4.0 4.1 4.2 4.3 4.4 4.5 "Annual Report 2010" (PDF). Robert Bosch GmbH. Retrieved 5 November 2011.
  5. ↑ The Zen Cart™ Team and others. "About Bosch in 2012". Retrieved 8 October 2014.
  6. ↑ "Atco History Page". Atco.co.uk. Retrieved 2011-06-19.
  7. ↑ "Fiat: Rebirth of a carmaker - The Economist". The Economist. Retrieved 8 October 2014.
  8. ↑ "Common Rail - Glossario". fiat.it. Retrieved 8 October 2014.
  9. ↑ Robert Bosch LLC. "Robert Bosch LLC. - Media Center" (in German). Bosch-press.com. Retrieved 2011-06-19.
  10. ↑ "Robert Bosch GmbH - Business/Economy". Bosch-presse.de. Retrieved 2011-06-19.
  11. ↑ http://www.bosch-press.com/tbwebdb/bosch-usa/en-US/PressText.cfm?&nh=00&id=380
  12. ↑ Bosch in talks to buy Israel's Red Bend Software. Reuters, 20 August 2014
  13. ↑ . Siemens an Bosch, 22 September 2014
  14. ↑ By Press Release, Security Info Watch. “Bosch recognized as a top-performing U.S. technology company by Ingram Micro.” December 4, 2014. december 8, 2014.
  15. ↑ "Bosch 2010 Annual Report" (PDF). Retrieved 2012-06-01.
  16. ↑ "Bosch - Bosch Research and Technology Center". Retrieved 2014-12-18.
  17. ↑ Ferreira, Colleen (2010-11-16). "Bosch plant to close in South Bend". WSBT-TV. Retrieved 2010-11-17.
  18. ↑ "About Bosch in the USA". Bosch. Retrieved 2008-03-11.
  19. ↑ Knight, Kevin (December 2013). "UNDERSTANDING MOBILTY AT BOSCH FRANCE WITH VALÉRIE KURZ AND EMILIE BENARD". Expatriates Magazine (3): 10. Retrieved 2012-12-18.
  20. ↑ http://www.bosch.nl/nl/nl/our_company_13/our-company-lp.html
  21. ↑ "The Bosch Group - Locations". Bosch.com. 2010-03-24. Retrieved 2011-06-19.
  22. ↑ http://www.livemint.com/Home-Page/JF92JSrZa9H3o4pXWb44HI/Boschs-long-tryst-with-India.html?utm_source=copy
  23. ↑ http://timesofindia.indiatimes.com/business/india-business/Bosch-enters-healthcare-space-in-India/articleshow/40929482.cms
  24. ↑ http://www.livemint.com/Home-Page/JF92JSrZa9H3o4pXWb44HI/Boschs-long-tryst-with-India.html
  25. ↑ http://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/bosch/B05
  26. ↑ Bosch says it has contract for diesel-hybrid parts - Automotive News Europe
  27. ↑ "Terms of Use". BoschTools.com. Retrieved 2009-04-29.
  28. ↑ "404 Not Found". Retrieved 8 October 2014.
  29. ↑ "Site where many Bosch Red Dot Awards are listed". En.red-dot.org. Retrieved 2012-06-01.
  30. ↑ "2011 EID Silver Award for Miter Saw". Appliancedesign.com. 2012-01-25. Retrieved 2012-06-01.
  31. ↑ Anthenaeum, Chicago. "2012 Good Design Awards" (PDF). Chicago Anthenaeum. Retrieved 3 April 2013.
  32. ↑ sangl, sangl. "IDEA Award Finalists". IDSA. Retrieved 3 April 2013.
  33. ↑ Gordon, Paul (2008-09-19). "Bosch Buys Nelson and Sunterra". Pjstar.com. Retrieved 2012-06-01.
  34. ↑ Chelsie Woods, Security Systems News. "Bosch completes Philips CSI buy." Dec 1, 2002. Retrieved Apr 5, 2012.
  35. ↑ Andrea Gural, Security Director News. "Ribinski hands over Bosch reins." Oct, 2005. Retrieved Apr 5, 2012.
  36. ↑ EE Times Asia. "Bosch to acquire Philips CSI business unit." Aug 12, 2002. Retrieved Apr 5, 2012.
  37. ↑ Bosch in the USA, Archive "." Mar 5, 2008. Retrieved 22 Mar, 2015.
  38. ↑ Pro-Music-News "." Dec 5, 2009. Retrieved 22 Mar, 2015.
  39. ↑ Matthew Harwood, Security Management. "Infrared Night-Vision Innovator Extreme CCTV to Become Part of Bosch." Dec 20, 2007. Retrieved Apr 5, 2012.
  40. ↑ Homeland Security News Wire. "Bosch acquires Extreme CCTV." Mar 5, 2008. Retrieved Apr 5, 2012.
  41. ↑ Robert Bosch Stiftung: Über uns, retrieved on 2008-08-11
  42. ↑ Joann Muller (2005-11-28). "Parts for the Sensitive Car". Forbes magazine.
  43. ↑ "Corporate Social Responsibility Report 2010" (PDF). Bosch. Retrieved 28 Jan 2012.

External links

Wikimedia Commons has media related to Robert Bosch GmbH.