International. Bosch Building Technologies plans to acquire Hoerburger AG, based in Waltenhofen, Bavaria, Germany. Bosch and the owners of Hoerburger AG signed the corresponding agreements at the end of 2021. Hoerburger offers a portfolio of products and solutions that focus on building automation and energy management.
The company has 45 years of experience in the planning and execution of projects and provision of services in this area. A main focus of its activities is the efficient and sustainable operation of buildings. The solutions are used in many sectors, for example in large industrial companies, healthcare facilities and retail chains. Hoerburger has more than 200 employees in six locations in Germany and one location in Romania and generated sales of €33 million in 2020.
Design smart building solutions as a team
"We look forward to working with Hoerburger's highly experienced employees to jointly shape and expand the fast-growing market for smart building solutions in the future," said Thomas Quante, president of Bosch Building Technologies. "Digitalization, connectivity and artificial intelligence are opening up more and more opportunities for us to transform commercial buildings into intelligent living and working environments that provide people with greater safety, security and comfort, and ensure greater sustainability. Hoerburger's many years of experience will further strengthen our current portfolio in the areas of building safety, energy services and building automation," continues Quante.
"We are very excited to be part of the Bosch family. We will leverage our knowledge to further expand Bosch's already strong position as an integrated partner for connected building solutions with future-oriented solutions and services," said Christian Hoerburger, CEO of Hoerburger AG.
The acquisition is subject to approval by the relevant antitrust authorities. It has been agreed that the purchase price will not be disclosed.
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