Bosch, German automotive component maker has acquired SPX Service Solutions for $1.15 billion and it aims to boost company’s aftermarket operations. With this SPX Service Solutions acquisition, company expects an enhanced product and service portfolio for the automotive aftermarket division along with a gateway to OES (Original Equipment Supplier) customers.
Bosch is a major player in the diesel segment and 60% of its sales come from diesel segment. It is also among the larger suppliers of common rail direct injection (CRDI) systems in India. The company buys half of the components required for the CRDI systems (by value) locally.
