Bosch, the world's largest auto parts maker, explores US acquisitions outside core automotive business due to limited mobility growth.
Bosch, the world's largest auto parts maker, is exploring acquisitions in the US outside its core automotive sector due to sluggish growth in mobility affecting its core business. CEO Stefan Hartung said the company is underrepresented in the US and sees acquisitions as a means to diversify its portfolio. As part of this strategy, Bosch is open to public listings of certain divisions to aid acquisitions, but not as a group or in its core business as an auto supplier.
June 12, 2024
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