MAHLE buys Bosch business unit
The MAHLE Group has entered into a definitive agreement with Robert Bosch GmbH to acquire all assets and the related business of RTI Technologies Inc. The transaction is subject to certain customary closing conditions and is expected to close on January 1, 2013.
RTI Technologies specializes in the development and distribution of automotive maintenance equipment, including:
* air conditioning service,
* fluid exchange, and
* nitrogen tire inflation systems.
Among RTI’s strengths is the organization’s ability to provide leading solutions for all available refrigerants used in mobile air conditioning systems. RTI Technologies also supplies shop equipment to major original equipment manufacturers around the world, and sells equipment under the RTI brand in the independent aftermarket.
"RTI Technologies presents a tremendous opportunity for MAHLE to expand our business into the repair shop equipment sector of the automotive aftermarket,” says Dan Moody, general manager of MAHLE’s aftermarket business for North America.
“Given the long-term approach to the aftermarket as an important sales channel for MAHLE globally, this acquisition will broaden our aftermarket offerings within our strategic product and service range and make us one of the leaders in this segment in North America."
Established in 1990, RTI Technologies had sales of $14.7 million in 2011. The MAHLE Group posted sales of $8.3 billion in 2011.