- Bosch acquires 75.3 percent of Pacifica shares; transaction value of 235 million Australian dollars (141 million euros)
STUTTGART- Following the expiration of the offer period on March 4, 2007, Bosch has acquired 75.3 percent of shares in Pacifica Group Limited, located in Melbourne, Australia. Bosch is paying 2.20 Australian dollars per share in cash; the transaction value amounts to 235 million Australian dollars (141 million euros).
With the acquisition of Pacifica, Bosch intends to bolster its brakes business, above all in the Americas and Asia Pacific. The Pacifica Group is a leading manufacturer of brake callipers, parking brakes, and brake components for the automotive equipment and spare parts business. In 2006, the company generated sales of 838 million Australian dollars (503 million euros) and employs some 2,000 associates worldwide.
In 2006, Bosch generated sales of some five billion euros with its braking systems business, which employs some 18,000 associates worldwide.