The company said that
it has “intensively and thoroughly” considered all strategic options to sell
its food and pharmaceuticals segment of equipment known as PA. It has not
identified any sufficiently relevant synergy effects in terms of business or
technology that might offer the packaging division prospects for the future
within the firm.
Bosch drew attention
to the competitiveness of the packaging industry “in which the players are
small- and medium-sized enterprises, and who are therefore at a structural
special-purpose machinery manufacturer Robert Bosch Manufacturing Solutions
GmbH is a separate entity, and will remain part of the Bosch Group.
“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,” said
Stefan Hartung, the Bosch board of management member responsible for the energy
and building technology and industrial technology business sectors.
He added: “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.”
Bosch said that from
a business perspective, the past two fiscal years were difficult for certain PA
units. Under new management, however, many units are now said to be in a good
position to serve the growing market. In the years ahead, the company expects
to see increasing demand.
PA currently employs
some 6,100 people in its global packaging technology operations. Bosch’s aim is
for all its associates and locations to be retained by the eventual buyer.
chairman of the managing board of Robert Bosch Packaging Technology, said: “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.
“PA has always led a
largely independent existence within the Bosch Group, and will in the future be
able to respond even better to the requirements of the packaging industry. Our
customers will benefit from this.”