M&A Deal Summary

Robert Bosch Acquires Service Solutions Segment SPX

On December 6, 2012, Robert Bosch acquired automotive company Service Solutions Segment SPX from SPX Technologies for 1.2B USD

Acquisition Highlights
  • This is Robert Bosch’s 2nd transaction in the Automotive sector.
  • This is Robert Bosch’s largest (disclosed) transaction.
  • This is Robert Bosch’s 8th transaction in the United States.
  • This is Robert Bosch’s 1st transaction in Michigan.

M&A Deal Summary
Date 2012-12-06
Target Service Solutions Segment SPX
Sector Automotive
Buyer(s) Robert Bosch
Sellers(s) SPX Technologies
Deal Type Divestiture
Deal Value 1.2B USD

Target

Service Solutions Segment SPX

Canton, Michigan, United States
SPX's Service Solutions business develops, manufactures, and sells service equipment, repair-shop accessories, and software for the global automotive market.

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Buyer(S) 1

Buyer

Robert Bosch

Postfach, Germany

website

Category Company
Founded 1886
Sector Diversified
Employees300,000
Revenue 52.0B EUR (2012)
DESCRIPTION
Bosch power tools on display at an Acme Tools store in Duluth, Minnesota.
Bosch power tools on display at an Acme Tools store in Duluth, Minnesota.

Robert Bosch GmbH is a diversified technology, electronics, and automotive manufacturing company. The Company is privately owned and was established in 1886.

DEAL STATS #
Overall 15 of 20
Sector (Automotive) 2 of 2
Type (Divestiture) 2 of 2
State (Michigan) 1 of 2
Country (United States) 8 of 11
Year (2012) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-29 RTI Technologies

York, Pennsylvania, United States

RTI Technologies is a development and distribution of automotive maintenance equipment including air conditioning service, fluid exchange, and nitrogen tire inflation systems.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-11 L.R. Nelson

Peoria, Illinois, United States

L.R. Nelson Corp. is a manufacturer of sprinkler and lawn products.

Sell €23M

Seller(S) 1

SELLER

SPX Technologies

Charlotte, North Carolina, United States

website

Category Company
Founded 1912
Sector Machinery
Employees4,500
Revenue 1.5B USD (2022)
DESCRIPTION
Entrance to SPX's corporate headquarters in Charlotte, North Carolina.
Entrance to SPX's corporate headquarters in Charlotte, North Carolina.

SPX Technologies is a global supplier of highly specialized, engineered solutions for the energy and food/beverage industries. Key products include processing systems and components for the food and beverage industry, pumps, valves and filtration equipment used in oil and gas processing, power transformers used by utility companies, and cooling systems for power generation plants and HVAC applications. SPX Technologies was founded in 1912 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 18 of 23
Sector (Automotive) 3 of 3
Type (Divestiture) 18 of 23
State (Michigan) 1 of 1
Country (United States) 14 of 17
Year (2012) 1 of 1
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-21 Seital S.r.l

Santorso, Italy

Seital S.r.l, is a supplier of disk centrifuges (separators and clarifiers) to the global food and beverage, biotechnology, pharmaceutical and chemical industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-03 Thermal Product Solutions

New Columbia, Pennsylvania, United States

Thermal Product Solutions is a designer and manufacturer of industrial and laboratory ovens and furnaces, and environmental temperature cycling and stability test chambers. Thermal Product Solutions was founded in 2005 and is based in New Columbia, Pennsylvania.

Sell $43M
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