Christian Fischer, Deputy Chairman of the Board of Management of Robert Bosch GmbH, has announced that Bosch is selling its Building Technologies division’s security and communications technology product business to the European investment firm Triton. The deal covers three key business units – Video, Access and Intrusion, and Communication – representing the entire product portfolio of Bosch Building Technologies that was up for sale. The acquisition includes the transfer of 4,300 employees from more than 90 global locations.
The parties finalized the agreement on December 12, though the purchase price and other specifics of the transaction remain undisclosed. The deal is still subject to regulatory approval and other customary closing conditions, with an expected completion date by the end of the first half of 2025.
Three Key Business Units
In October 2023, Bosch had announced that it would divest most of its product business in the Building Technologies division as part of a strategic realignment. Christian Fischer commented, “Our goal was to find a suitable buyer who would acquire all three security and communications business units and provide a promising future for the employees. We’ve successfully achieved that.” He further explained, “Triton has presented a sustainable and credible growth strategy for the business and brings valuable industrial expertise and years of experience in advancing similar companies.”
Triton’s Growing Security Portfolio
Triton, a European investment firm, focuses on industrial, healthcare, and business services sectors, with notable investments in security technology companies. Currently, its portfolio in the security sector includes companies like Acre and Wavelynx. Additionally, Triton’s acquisition of Caverion, a leading system integrator in the Nordic market, further strengthens its position in the security technology industry.
Claus von Hermann, Managing Partner and Co-lead of the Industrial Tech team at Triton, expressed, “We are excited to be the preferred buyer for Bosch’s security and communications technology product business. Our goal is to support management and employees in continuing the strong growth this business has recently experienced, by providing not just capital but also our extensive experience in developing companies in the security space.”
A Strong Foundation for Growth
Peter Loeffler, CEO of Bosch Building Technologies’ product business, believes Triton is the ideal new owner. “With Triton’s expertise and support, we will have a solid foundation for further profitable growth,” he said. “We will continue to drive innovation in security and communications technology, maintaining our high-quality standards and deep expertise. Our entire team is eager to make the new company a success and remain a reliable partner for our customers.”
Bosch Building Technologies’ Strategic Shift
As part of its strategic realignment, Bosch Building Technologies will now focus on its regional integrator business, offering solutions and services for building security, energy efficiency, and building automation. Bosch aims to become a leading global provider of system integration and capitalize on growth opportunities in this segment. Due to the importance of fire-alarm systems for systems integration, Bosch will merge this product business with its integrator business and continue its development.
A Product-Agnostic Systems Integrator
Following the sale, Bosch Building Technologies will retain approximately 8,000 employees across eight countries. As a product-agnostic systems integrator, Bosch will continue to offer a comprehensive portfolio of energy and building solutions, focusing on digitalization and meeting the increasing demand for integrated, intelligent solutions in building security, energy efficiency, and automation.
