Bosch plans acquisition of the MoTeC Group

Abstatt / Melbourne – Bosch plans to acquire the MoTeC Group, headquartered in Melbourne, Australia. MoTeC offers a wide range of motorsports technology for the customer racing market. The company specializes in the development, manufacture, and distribution of motorsport technology for teams in numerous racing series and is well established in this market. Contracts for the planned acquisition were signed by Bosch and the MoTeC Group in June 2022. The parties have agreed not to disclose the purchase price. The transaction is subject to approval by the merger control authorities.