Bosch Building Technologies plans to further its growth in the building automation sector with the acquisition of DMS Digitale Mess- und Steuersysteme AG, a company specializing in building, industrial, process, and room automation as well as energy management. This strategic move follows Bosch’s significant 25 percent growth in building automation in Germany in 2023, which outpaced the market. The acquisition, which is pending regulatory approval, will strengthen Bosch’s portfolio in industrial and process automation, making it a full-service provider for industrial manufacturing companies. Thomas Quante, president of Bosch Building Technologies, emphasized the potential for new value creation and sustainable solutions for industrial customers.

Original article posted on July 18, 2024