The Bosch Automotive Aftermarket division says it is set to take over the Unipoint Group. Bosch will also take over the Unipoint’s affiliated companies and the Unipoint and NSA brands.
Unipoint Group is a key producer of starters, alternators, temperature control parts and wiper blades for the aftermarket. In 2010, the Unipoint Group achieved sales of $124 million. It employs 2,360 people at two production locations in mainland China and Taiwan, as well as various sales locations.
The two companies signed an agreement confirming the deal on Aug. 9, 2011. The parties have agreed not to disclose the purchase price. The transaction remains subject to the approval of the regulatory and competition authorities.
The Bosch Automotive Aftermarket division says it has acquired the Unipoint Group with the intention of strengthening its position as the leading supplier of starters and alternators. The company says, and also views it as an investment in the temperature control product segment. In addition, it adds another Asian production base to the wiper blade business unit.
“Our aim is to further strengthen the position of Bosch as the leading supplier of starters, alternators and wiper blades in the automotive aftermarket. We also wish to expand our business in Asia” said Robert Hanser, chairman of the divisional board of the Automotive Aftermarket division.
The Unipoint Group was established in 1972 and has been majority-owned by its founding family ever since. In 2010, the Bosch Automotive Aftermarket division achieved sales of around $5.4 billion and employed over 10,000 associates worldwide.