Bosch Rexroth to Buy German Lube Systems Firm

Noria news wires, Noria Corporation

Bosch Rexroth AG announced formal plans to purchase Interlit Joistgen GmbH, with headquarters in Cologne, Germany. The company develops and markets systems for cooling and lubrication technology, especially in machine tools, and is used under the Interlit brand name.

Additionally, Rexroth is planning to acquire the associated production company MSG Maschinen und Stahlbau GmbH with headquarters in Joachimsthal, Germany. A contract was signed accordingly on October, 31 2008 in Basel, Switzerland. The purchase is subject to antitrust approval, and the price will remain confidential.

In 2007, Interlit Joistgen achieved sales of over 13 million Euros with a workforce of around 20 employees. MSG's sales amounted to approximately seven million Euros, with about 80 employees.

"With the acquisition of the two companies, we are strengthening our business with the machine tool industry and are reacting to the increased customer demand for single-source complete solutions," said Dr. Albert Hieronimus, chairman of the executive board.

 

In the future, Rexroth will be able to offer the complete supply unit of machine tools. With the Interlit systems, the cooling and lubrication supply and swarf removal add to the hydraulic, pneumatic and electric supply.


About the Author
Create your own user feedback survey