STUTTGART, Germany – Bosch is selling its building technologies division’s product business for security and communications technology to the European investment firm Triton, according to a joint announcement today.
The transaction encompasses three business units – video, access and intrusion, and communication – and all 4,300 employees in these units at more than 90 locations worldwide will become part of Triton as part of the transaction, which became official when the parties signed agreements today.
The acquisition is subject to regulatory approvals and further customary closing conditions. It is expected to be closed by the end of the first half of 2025.
Bosch announced in October 2023 that, as part of its realignment of its building technologies division, it would be selling most of the division’s product business.
“It was our aim to find a suitable buyer who will acquire all three security and communications technology business units and offer their associates an outlook for the future,” says Christian Fischer, deputy chairman of the board of management of Robert Bosch GmbH, who oversees Bosch Group portfolio management, in the joint announcement. “We have achieved that aim.
“Triton has presented a sustainable and credible growth strategy for the business,” he says. “As an investor, moreover, it can provide a high level of industrial expertise and many years of experience in taking comparable companies forward.”
Why Triton Acquired Bosch Building Technologies
Triton invests in European companies in the industrial, healthcare and business services sectors.
“We are pleased to have reached an agreement with Bosch and to be the preferred buyer for the security and communications technology product business,” says Claus von Hermann, managing partner and co-lead of Triton’s industrial tech team, in the joint announcement.
“We want to support the management and employees to continue the strong growth trajectory that this business recently saw by providing not only capital, but also our know-how from having owned and successfully developed other companies in the security space,” he says.
Peter Loeffler, the CEO of Bosch Building Technologies’ product business, adds in the joint announcement: “With Triton as our new owner, its expertise and support we will have a strong base for further, profitable growth.
“We will work together to push ahead with innovations in the security and communications area – to the usual high quality standards and with comprehensive expertise,” he says. “The entire team is looking forward to making our new company a success and will remain a reliable partner for our customers.”
The Bosch Building Technologies division will now focus on its regional integrator business, with solutions and services for building security, energy efficiency and building automation, according to the joint announcement.
The product business with fire alarm systems is to be merged with the integrator business and continued, the announcement says.
Following the transaction, Bosch Building Technologies will have about 8,000 employees in eight countries.
“We’re thrilled to see this development as it underscores Triton’s commitment to the physical security space,” says a spokesperson from Acre Security, another Triton-held company. “We’ve benefited greatly from Triton’s strategic guidance and expertise and we’re confident Bosch will experience the same level of support and opportunity to thrive.
“While Acre Security and Bosch will remain independent, standalone companies under Triton’s ownership, we’re excited about the potential to collaborate and share best practices as part of the broader Triton portfolio,” the spokesperson says.
“For Acre, it’s business as usual,” according to the Acre Security spokesperson. “Our focus remains on empowering security professionals with smarter, more adaptable and easier-to-use solutions. This move by Triton only strengthens the ecosystem of expertise and innovation that Acre and Bosch will each contribute to within the physical security industry.”
