Following the antitrust authorities’ approval, the Bosch Group completed its acquisition of Siemens’s 50 percent share in BSH. The former 50:50 Bosch-Siemens joint venture can therefore now be run as a wholly owned Bosch subsidiary. Following listing in the commercial register, the company will be known as BSH Hausgeräte GmbH. The complete takeover of BSH will play a role in expanding Bosch’s activities in the area of connected buildings and appliances. “In acquiring all shares in BSH – explains the company in a official note – Bosch is expanding its non-automotive business. With its consumer goods business now fully consolidated, roughly one quarter of Bosch sales will come from this business sector. The share of total non-automotive Bosch sales will then be more than 40 percent. In this way, Bosch will come a significant step closer to its target of generating roughly half its sales from non-automotive business”.
