Bosch completes SPX takeover

U.S regulator finally green lights $1.1bn deal

Published:  04 December, 2012

GERMAN giant Bosch has completed its acquisition of specialist tool and diagnostic equipment maker SPX Service Solutions in a deal worth $1.1bn (around £718m).

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In the very near future it has been confirmed that the business activities of SPX Service Solutions will be integrated into the Bosch Automotive Aftermarket division. Commenting on the takeover, Robert Hanser, president of the Bosch Automotive Aftermarket, said: "In acquiring SPX Service Solutions, we will become a comprehensive supplier of solutions in the diagnostics and repair business. In expanding our portfolio and extending our global presence, especially in the U.S., we are strengthening our position."

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