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News

 
27.01.2012

Autonews.com: Bosch to acquire SPX's aftermarket business for $1.15 billion

The Bosch Group's automotive aftermarket unit plans to purchase SPX Corp.'s aftermarket services business in a cash deal valued at $1.15 billion.

The Bosch Group's automotive aftermarket unit plans to purchase SPX Corp.'s aftermarket services business in a cash deal valued at $1.15 billion. The SPX business, based in Warren, Mich., sells diagnostic equipment, service tools, parts and software for auto dealers and repair shops around the world. It generates about $920 million in annual sales and employs 2,700 people in 17 countries, Bosch said in a statement... Link to original article