Bosch to sell packaging business
Bosch has announced that after considering its” strategic options”, it will be looking for a buyer for its packaging machinery business (PA).
According to the Bosch Group, this is “more specifically the pharmaceuticals and food units of the Packaging Technology division”.
In a statement, the company said that packaging technology is not a part of the group’s core business.
Bosch says it is certain that its packaging technology operations need to be put on a different footing that will allow them to react more flexibly to the specific requirements of the packaging machinery market.
The company’s special-purpose machinery manufacturer Robert Bosch Manufacturing Solutions GmbH is a separate entity and will remain part of the Bosch Group.
Dr. Stefan Hartung, the Bosch board of management member responsible for the Energy and Building Technology and Industrial Technology business sectors, said: “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 digitalization strategy, including the internet of things, and to pool its resources accordingly.
“A reorganized 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.”