auto parts manufacturers,auto parts suppliers

Lohr, Germany / Cixi, China. Bosch Rexroth is set to acquire a majority stake in Zhejiang Easun Pneumatic Technology Co. Ltd. (Easun), based in Cixi, China. The purchase agreement was signed on June 30 in Cixi. Both parties have agreed not to disclose the purchase price. The acquisition is subject to approval by the authorities.

Easun is one of the leading pneumatics companies in China. Under the brand name Easun, it develops, produces and sells pneumatic cylinders, valves, maintenance units and accessories for the local market. The Chinese pneumatics specialist employs around 900 people.

“With this acquisition, we are strengthening our position in the growing Chinese pneumatics market and offering an extended pneumatics range that is specially tailored to the requirements of Chinese customers,” explains Dr. Albert Hieronimus, Chairman of the Executive Board of Bosch Rexroth AG. “The move is a continuation of our ongoing strategy of regionalization,” adds Hieronimus.

Bosch Rexroth has been represented by its own companies in China since the 1970s, offering its customers the complete range of drive and control products and manufacturing at three locations. In 2007, Bosch Rexroth generated sales of around 350 million euro in China with a workforce of more than 2,000 associates. In 2007, the Bosch Group as a whole achieved consolidated sales of around 1.8 billion euro in China and employed more than 17,000 associates.

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