BOSCH Group has announced plans to sell its packaging business after “intensively and thoroughly considering all its strategic options”.
The business will look for a buyer for its packaging machinery business, more specifically the pharmaceuticals and food units of the Packaging Technology division, after stating that the group needs to focus on the “transformation ahead”. Bosch added that it has not identified any “sufficiently relevant synergy effects” that might offer the division prospects for the future within Bosch.
“This decision will allow Bosch to narrow its focus on issues of importance for its future, such as the transformation of the Bosch Group and its future digitalisation strategy, including the internet of things, and to pool its resources accordingly,” explained Dr Stefan Hartung, the Bosch board of management member responsible for the energy and building technology and industrial technology business sectors.
“Both PA and Bosch will benefit from this decision. A reorganised packaging technology business will be able to adapt more flexibly to the diverse requirements of this typically SME market, while Bosch will be free to focus its attention entirely on the group’s impending profound transformation.”
Dr Stefan König, chairman of the managing board of Robert Bosch Packaging Technology GmbH added, “My colleagues in PA executive management and I are confident of future business success. We’re one of the biggest companies in our industry, and the path we have chosen is clearly the right one.
“We will stay together as a strong and stable unit. Under new ownership as well, our tried and tested team will continue to provide our customers with excellent manufacturing solutions and services.”