Bosch acquires RTI Technologies Co. Ltd.
The Bosch Group’s Automotive Aftermarket business has acquired RTI Technologies Co. Ltd. RTI specializes in the development and distribution of automotive maintenance equipment, including air condition service (ACS) machines in the United States.
RTI, based in York, Pa., had sales of $12 million (8.6 million euros) in 2009 and employs 36 associates, all of whom will be retained by Bosch. Terms of the agreement will not be disclosed, according to Bosch.
“The automotive air conditioning service is an important opportunity for Bosch to grow its diagnostic business globally,” says Robert Hanser, president, Automotive Aftermarket, Robert Bosch GmbH.
“The acquisition of RTI Technologies offers us an outstanding opportunity to meet the immediate needs of our customers with automotive maintenance equipment, especially air condition service for the next generation refrigerant R1234yf."
(The new R1234yf refrigerant will be introduced into the European market beginning in 2011.)
The Bosch Group is comprised of Robert Bosch GmbH and its more than 300 subsidiaries and regional companies in more than 60 countries.It generated sales of 38.2 billion euros in fiscal 2009.
For more information, visit www.bosch.com.