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The company was founded by Robert Bosch in Stuttgart in 1886. [2] Bosch is 94% owned by the Robert Bosch Stiftung, a charitable institution. [3] Although the charity is funded by owning the vast majority of shares, it has no voting rights and is involved in health and social causes unrelated to Bosch's business.
Together with a global network of sales, production, and service companies, the BSH conglomerate today is made up of about 80 companies in 50 countries, with a total workforce of about 60,000 people. [2] In September 2014, Robert Bosch GmbH agreed to purchase Siemens' 50% stake in the joint venture for 3 billion euros. [4]
Bosch (company), full name Robert Bosch GmbH, a German engineering and technology company; Bosch (home appliance brand), a brand of BSH Hausgeräte, a joint venture between Bosch and Siemens; Robert Bosch Stiftung, a German foundation that owns a majority shareholding in Robert Bosch GmbH; Bosch Rexroth, engineering firm
Continued growth was followed by the acquisition by Robert Bosch GmbH in 1992, with the company changing its name to 'Worcester, Bosch Group'. As part of Bosch's heating technology subsidiary, Worcester is a brand of Bosch Thermotechnology Ltd , the collective name that refers to Worcester, Bosch Group and Buderus (acquired by Bosch in 2003).
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Bosch pledged a $1.5 billion investment as it acquired a Roseville-based semiconductor company.
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The total number of associates amounted to 2,300 as of October 2023. [2] In 2003, the ETAS Group was formed by the merger of the Bosch subsidiary [4] ETAS GmbH; LiveDevices Ltd., York, United Kingdom; and Vetronix Corporation, Santa Barbara, California, United States. The company's headquarters is located in Stuttgart, Germany.