Hannover Messe: Bosch aims to increase sales of industrial technology to over 10 billion euros

Stuttgart, Germany – Bosch wants to achieve sustainable growth with industrial technology. Its sales of industrial technology are expected to rise from their current level of 7 billion euros to more than 10 billion euros by 2028. The aim is to achieve profitable growth: “We want to increase result more than sales and sustainably increase the value of the company. To this end, Bosch will invest a combined total of more than 3 billion euros in industrial technology in 2022 and 2023, ensuring organic and inorganic growth,” says the Bosch chairman Dr. Stefan Hartung. The acquisition of the U.S. hydraulics company HydraForce and its roughly 2,100 associates means that Bosch’s biggest current acquisition is in its Industrial Technology business sector. This merger sees Bosch Rexroth expanding its leading global position in hydraulics, supplying technology for excavators, cranes, tractors, and for plant and machinery in factories.