Bosch Security Systems acquires ADC Technologies International Pte Ltd
Bangalore, July 7, 2005: Bosch Security Systems GmbH in Ottobrunn, Germany, a member of the Bosch Group, acquired ADC Technologies International Pte Ltd, headquartered in Singapore with offices in Malaysia, and China. It is expected to take effect
on August, 1st 2005.
Founded in 1986, ADC has established itself as a reputable manufacturer of access control equipment and as a provider of total security management solutions to major markets in Asia. ADC has Research & Development, Systems Engineering, and Project Management
teams in Singapore. In 2004, ADC realized a turnover of 6,5 million EUR with 133 employees, mainly in Singapore.
Bosch Security Systems remains committed to its strategy of developing a global presence and the acquisition of ADC will enable Bosch to expand its security products offering, notably in the area of access control and building integration products.
In Asia Pacific, Bosch Security Systems currently has more than 750 employees and operates 26 sales offices in 15 countries. “With this acquisition, we will bring cutting edge technology, innovative products and competency in project support to satisfy the present and future needs of our customers in Asia,” says Philippe Huinck, Vice President, Bosch Security Systems Asia Pacific. “We will continue our strategy of working through our distribution partners in Asia. Next to that, in Singapore, we will also do project design, installation and maintenance services to support and expand the existing ADC customers base,” says Huinck.
All ADC operations will be integrated into Bosch Security Systems. “We are honored by the confidence that Bosch has in us. We look forward to be part of the Bosch Group,” say Vincent Lim and William Sim, the Founders and Managing Directors of ADC Technologies
International. ADC’s installer business (pre-sales, project implementation and post sales support) as well as commercial functions will be integrated within Bosch Security Systems’ Singapore, China and Malaysia operations. ADC’s R&D and manufacturing operations will
be part of Bosch Security Systems global product group.
The Asia Pacific regional headquarters, based in Singapore, will continue to strengthen its presence in the region and work towards its mission to provide innovative, high quality security and communication solutions and excellent service to its customers.
About Bosch Group
The Bosch Group is a leading global manufacturer of automotive and industrial technology, consumer goods, and building technology. In fiscal 2004, some 2,42,000 associates generated sales of 40 billion euros. Set up in Stuttgart in 1886 by Robert Bosch (1861-1942)
as “Workshop for Precision Mechanics and Electrical Engineering,” the Bosch Group today comprises a manufacturing, sales, and after-sales service network of some 260 subsidiaries and more than 10,000 service centers in over 130 countries.
The special ownership structure of the Bosch Group guarantees its financial independence and entrepreneurial freedom. It makes it possible for the company to undertake significant up-front investments in the safeguarding of its future, as well as to do justice to its social
responsibility in a manner reflective of the spirit and will of its founder. 92% of the shares of Robert Bosch GmbH are held by the charitable foundation Robert Bosch Stiftung. The entrepreneurial ownership functions are carried out by Robert Bosch Industrietreuhand KG. Additional information can be accessed at www.bosch.com.
About Bosch Security Systems:
Bosch Security Systems is a leading supplier of equipment to the electronic protection industry. The company designs, manufactures and markets electronic detection, control and communication equipment around the world for security, fire protection, access control,
closed circuit television and personnel and asset tracking applications.
Bosch Security Systems offers security, fire and communication solutions for applications in Industrial & Commercial, Transportation, Residential, Financial, Retail, and key government
and defense establishments.
For more information about Bosch Security Systems, please visit www.boschsecurity.com or call (+91) 80 2220088 (9818).
About MICO
MICO is BOSCH in India.
Motor Industries Company Ltd., (MICO) is a subsidiary of the Bosch Group. Founded in 1951, Mico has grown over the years to become India’s largest auto component manufacturer. It is also the largest Indo-German company. MICO and BOSCH have recently been awarded the “Auto Component Manufacturer of the Year 2005” by leading industry bodies.
With Bosch, Mico has developed excellent R&D and manufacturing capabilities, which has helped build a strong customer base and establish market leadership through the high quality of its technology and products. It has a strong after sales network spanning across 1000 towns and cities in India with over 4,000 authorised representations who ensure widespread availability of both products and after-sales services.
As Bosch is focusing on India to develop it as a technology hub, Mico is gearing up to meet the challenges.
Additional information can be accessed at www.boschindia.com