Bosch buys for e-mobility

Two purchases pending 

German electronics and engineering company Bosch recently announced two moves designed to propel its ever-growing interest in the electromobility market into industry dominance.

The company aims to take full control of electric motor manufacturer EM-Motors, a company originally started in partnership with Damlier as a 50-50 joint venture in 2011.  450,000 motors later, both operations decided it’s time for Bosch to take the wheel.  Per a company press release:

“For Bosch, the complete acquisition of EM-motive is the next logical step on the path to becoming the market leader for electromobility. It’s a chance to establish an even broader presence in the market,” says Dr. Stefan Hartung, member of the board of management of Robert Bosch GmbH and chairman of its Mobility Solutions business sector.

Less than two weeks later, a second acquisition was announced by Bosch’s Bosch Service Solutions division. The Group plans a takeover of LAWA Solutions, provider of cloud-based, scalable software products for automobile clubs, providers of roadside assistance,  and other car-centric service operations.

Both moves are subject to antitrust approvals.  Financial and other details have not been released.

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