Bosch expands its product line to acquire Spike Automotive Services

"By acquiring Spike Automotive Service Solutions, Bosch's automotive diagnostics and maintenance business will become more comprehensive. While the business line has been extended, Bosch will further expand the market in the world, especially in the United States." 201212, In January, Robert Hanser, president of Bosch Automotive's aftermarket business unit, stated that "Boshi is committed to becoming a global leader in automotive diagnostics solutions, and for this we will accelerate the integration of both technologies and advantages to meet the rapidly growing market demand."

With the increasing complexity of automotive electronic systems, automotive diagnostic solutions have enormous market growth prospects. Currently, Bosch provides diagnostics, repair services and products for passenger cars and commercial vehicles for independent brand auto repair service stations; while Spitz offers accessories and services to service stations, it also faces vehicle manufacturers. Providing engineering services, the difference in core competitiveness between the two complement each other. This acquisition will not only expand the business network for Bosch, expand the customer base, but also bring new market opportunities, especially in the Asia-Pacific and European markets.

In the future, SPX Automotive Service Solutions will be integrated into the Bosch Automotive Aftermarket Business Unit, which had sales of 4.3 billion Euros in 2011 and holds a leading position in the global auto aftermarket product and service sector. As part of the integration plan, Spike Automotive Service Solutions will merge with Bosch Automotive Diagnostics to establish a new “Car Service Solutions” business unit. In 2011, Spike Auto Service Solutions and Bosch Automotive Diagnostics achieved total sales of approximately 1 billion euros.