Two sources said, the German auto parts supplier Robert Bosch • Company (Robert Bosch) plans to the foundation brakes (foundation brakes) business was sold to Asian buyers, and hope to achieve by the end of divestitures.
According to industry watchers, the deal may be attractive to companies like South Korea's Mando, as Mando is seeking ways to expand its business into the European market. In addition, private equity firms may also participate in bidding activities.
According to two people familiar with the deal, Bosch hopes to receive a revenue of 500 million euros (about 700 million U.S. dollars) through the sale of basic brakes.
Previously, Bosch had sold its basic brake business in the North American market to Akebono Brake Industry Co., but earlier this year, Japan terminated negotiations with Dr. PhD on the basic brake business outside the North American market. , Bosch had to find another new buyer.
It is reported that the annual sales of the basic brake business listed by Bosch are about 900 million euros. Bosch's business unit has 34 branches in Europe, Asia and Australia, and has nearly 5,000 employees.
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