Latest news with #PerJohansson
Channel Post MEA
11-07-2025
- Automotive
- Channel Post MEA
Bosch Registers Strong Growth In The Middle East
Bosch ended its 2024 fiscal year with AED 2.3 billion (574 million euros) in consolidated sales in the Middle East, registering a 18 percent year-on-year increase despite tough market conditions. Key contributions came from business divisions including Home Appliances, Power Tools, Mobility Aftermarket, Home Comfort, Bosch Engineering, and Bosch Global Software Solutions. Bosch remains focused on enhancing local expertise in these strategic areas to support sustained regional growth. 'Despite challenging global market conditions, Bosch Middle East continues to strengthen its position as we invest in the dynamic, fast-growing markets in the region. We are implementing our regional strategies with a strong emphasis on innovation and sustainability, while actively supporting the development of the technological landscape in the region – bringing Bosch's advanced solutions to its focus areas such as Mobility, Industrial Technology, and the Energy and Building Technology business sectors – to meet the demands of some of the world's fastest-growing economies,' said Per Johansson, Vice President, and Board Member of Bosch Middle East. 'With highly skilled teams, a sound business strategy, and over a century of expertise, we expect this positive momentum to continue in the future.' The number of associates employed at Bosch in the Middle East stood around 500 as of December 31, 2024. Positive development across all Bosch business sectors Bosch Mobility saw significant growth in 2024, in the Middle East, driven by increasing demand for smart and sustainable mobility solutions and the emergence of new vehicle manufacturers, startups, and engineering, design and manufacturing hubs in the region. From automotive components to advanced driver assistance systems and connected mobility platforms, Bosch continues to enable the rollout of safe, efficient, environmentally friendly, and intelligent transportation systems in line with national visions of the region. Finally, significant progress was seen in the Mobility Aftermarket business, led by traditional passenger car spare parts and heavy-duty commercial vehicle components. Bosch Global Software Technologies recorded strong growth, driven by rising demand for AI-powered products, services and Engineering Services. This growth was particularly strong in Saudi Arabia and the UAE, supported by both the acquisition of new clients and the expansion of existing digital enterprise partnerships, which further accelerated the division's momentum. In the Consumer Goods business sector, Bosch experienced consistent high demand for home appliances in the region. With investments in infrastructure and life enhancing construction projects, Bosch Power Tools grew strongly. This was further bolstered by an expanded range of cordless tools and accessories. Bosch's Home Comfort division saw growth driven by the expansion in the Food & Beverage and Hospitality sectors. This led to an increasing demand for energy- efficient products like Electric Steam and Hot Water Boilers, which meet the market's need to reduce fossil fuel usage and move towards an emission-free, green environment. Bosch Middle East expansion highlights 2024 In 2024, the company marked a major milestone with the successful opening of its new headquarters in the Kingdom of Saudi Arabia, a strategic step that highlights the company's long-term dedication to the region and aligns closely with the forward-looking objectives of Saudi Vision 2030. This expansion reflects Bosch's recognition of Saudi Arabia's proactive approach to economic development and its drive to build a thriving, sustainable economy. In addition, the company recently announced the upgrade of its state-of-the-art office in the UAE and is gearing up for the inauguration of its new office in Oman. Continuous investment in the region With government and private investments accelerating industrial transformation, smart cities, smart mobility, and sustainability initiatives across the region, we foresee growth opportunities in Industrial Technology, Energy and Building Technology, and Mobility. In the Industrial Technology business sector, the Bosch Manufacturing Group is heavily investing in turnkey solutions to boost production efficiency, automation and digital connectivity, fostering smart factories in line with regional adoption of Industry 4.0 technologies. By enabling the development of smart factories, Bosch is helping to drive productivity gains while supporting sustainability objectives, positioning itself as a key enabler of the region's ambitious industrial growth plans under Vision 2030. Given the region's construction boom, together with advances in energy efficiency and sustainability, the Energy and Building Technology business sector is also set for future growth. The region's target of building approximately 3 million new homes in Saudi Arabia alone underscores the immense demand for smart, energy-efficient building technologies. Bosch's expertise in connected building solutions aligns with these goals, supporting energy conservation, indoor air quality, and intelligent climate control systems. Bosch Mobility's solutions portfolio – from automotive components to advanced driver assistance systems and connected mobility – meets the evolving needs of Saudi Arabia and the UAE as they invest heavily in smart mobility infrastructure. Bosch's solutions enable safer, more efficient, and environmentally friendly transportation systems, which are integral to the region's goal of reducing carbon emissions and enhancing quality of life through intelligent mobility. Bosch Group: Outlook and strategic direction for 2025 The Bosch Group is continuing with its ambitious Strategy 2030 to strengthen its competitive position, even though the market environment was a significant brake on growth last year: at 90.3 billion euros, the supplier of technology and services generated 1.4 percent less sales revenue in 2024 than in the previous year, or 0.5 percent less after adjusting for exchange-rate effects. The EBIT margin from operations was 3.5 percent. 'In the 2024 fiscal year, we achieved important improvements in terms of costs, structures, and portfolio,' said Stefan Hartung, chairman of the board of management of Robert Bosch GmbH. With a normal inflation rate of between 2 and 3 percent, Bosch aims to achieve annual growth of between 6 and 8 percent on average until 2030. In the first quarter of the year, Bosch increased its sales revenue by 4 percent compared to the previous year. The Bosch Group is still aiming for a target margin of 7 percent in 2026, viewing this as extremely challenging given current market conditions. To remain successful amid changing markets and technologies, Bosch will continue to work intensively on costs and structures and focus on profitable business areas. 'As a global technology leader, we are fully committed to boldly playing to our strengths, such as our high level of innovativeness,' Hartung said. The company also sees its collaboration with startups as a major stimulus for growth. As one of Europe's biggest corporate venture-capital investors, the Bosch Group announced a new fund for venture capital: the subsidiary Bosch Ventures is providing around 250 million euros. Bosch expects developments in its core Mobility business sector, particularly in electromobility, hydrogen, and software-defined vehicles, to be a major stimulus for growth. In the Consumer Goods sector, Bosch sees significant growth opportunities arising from new customer requirements. The focus for power tools is on expanding the range of cordless devices, and BSH Hausgeräte is launching a fridge-freezer this year that is the first Matter-capable home appliance on the market. In its Industrial Technology business, Bosch expects order intake to stabilize and is still pursuing the goal of achieving sales revenue of around 1 billion euros by the beginning of the next decade with software and digital services such as the Hydraulic Hub. Additionally, factory automation is set to focus on growth areas such as battery, semiconductor, and consumer goods production. In the Energy and Building Technology sector, Bosch expects the planned acquisition of the heating, ventilation, and air-conditioning (HVAC) business of Johnson Controls and Hitachi to deliver significant growth. Despite all the global turbulence, climate action remains a core concern for Bosch. The company is underlining this with new scope 3 targets, which aim to bring down carbon emissions outside Bosch's direct sphere of influence, such as those from product use, even further by 2030. Irrespective of its growth targets, Bosch wants to double its corresponding CO2 reduction target by then from 15 to 30 percent compared to 2018. 'Climate change won't disappear just because the global economy currently has other challenges to deal with,' Hartung cautions. 'Sustainability remains a priority for Bosch.'
Zawya
11-07-2025
- Automotive
- Zawya
Bosch records strong growth in the Middle East
Bosch registered AED 2.3 billion (574 million euros) sales in the Middle East. Consumer Goods, Mobility and Industrial Technolog vy business sectors continue to drive growth. Bosch foresees growth in industry 4.0 solutions, smart and energy-efficient building technologies, and mobility innovations. Dubai, United Arab Emirates – Bosch, a leading global supplier of technology and services, ended its 2024 fiscal year with AED 2.3 billion (574 million euros) in consolidated sales in the Middle East, registering a 18 percent year-on-year increase despite tough market conditions. Key contributions came from business divisions including Home Appliances, Power Tools, Mobility Aftermarket, Home Comfort, Bosch Engineering, and Bosch Global Software Solutions. Bosch remains focused on enhancing local expertise in these strategic areas to support sustained regional growth. 'Despite challenging global market conditions, Bosch Middle East continues to strengthen its position as we invest in the dynamic, fast-growing markets in the region. We are implementing our regional strategies with a strong emphasis on innovation and sustainability, while actively supporting the development of the technological landscape in the region – bringing Bosch's advanced solutions to its focus areas such as Mobility, Industrial Technology, and the Energy and Building Technology business sectors – to meet the demands of some of the world's fastest-growing economies,' said Per Johansson, Vice President, and Board Member of Bosch Middle East. 'With highly skilled teams, a sound business strategy, and over a century of expertise, we expect this positive momentum to continue in the future.' The number of associates employed at Bosch in the Middle East stood around 500 as of December 31, 2024. Positive development across all Bosch business sectors Bosch Mobility saw significant growth in 2024, in the Middle East, driven by increasing demand for smart and sustainable mobility solutions and the emergence of new vehicle manufacturers, startups, and engineering, design and manufacturing hubs in the region. From automotive components to advanced driver assistance systems and connected mobility platforms, Bosch continues to enable the rollout of safe, efficient, environmentally friendly, and intelligent transportation systems in line with national visions of the region. Finally, significant progress was seen in the Mobility Aftermarket business, led by traditional passenger car spare parts and heavy-duty commercial vehicle components. Bosch Global Software Technologies recorded strong growth, driven by rising demand for AI-powered products, services and Engineering Services. This growth was particularly strong in Saudi Arabia and the UAE, supported by both the acquisition of new clients and the expansion of existing digital enterprise partnerships, which further accelerated the division's momentum. In the Consumer Goods business sector, Bosch experienced consistent high demand for home appliances in the region. With investments in infrastructure and life enhancing construction projects, Bosch Power Tools grew strongly. This was further bolstered by an expanded range of cordless tools and accessories. Bosch's Home Comfort division saw growth driven by the expansion in the Food & Beverage and Hospitality sectors. This led to an increasing demand for energy- efficient products like Electric Steam and Hot Water Boilers, which meet the market's need to reduce fossil fuel usage and move towards an emission-free, green environment. Bosch Middle East expansion highlights 2024 In 2024, the company marked a major milestone with the successful opening of its new headquarters in the Kingdom of Saudi Arabia, a strategic step that highlights the company's long-term dedication to the region and aligns closely with the forward-looking objectives of Saudi Vision 2030. This expansion reflects Bosch's recognition of Saudi Arabia's proactive approach to economic development and its drive to build a thriving, sustainable economy. In addition, the company recently announced the upgrade of its state-of-the-art office in the UAE and is gearing up for the inauguration of its new office in Oman. Continuous investment in the region With government and private investments accelerating industrial transformation, smart cities, smart mobility, and sustainability initiatives across the region, we foresee growth opportunities in Industrial Technology, Energy and Building Technology, and Mobility. In the Industrial Technology business sector, the Bosch Manufacturing Group is heavily investing in turnkey solutions to boost production efficiency, automation and digital connectivity, fostering smart factories in line with regional adoption of Industry 4.0 technologies. By enabling the development of smart factories, Bosch is helping to drive productivity gains while supporting sustainability objectives, positioning itself as a key enabler of the region's ambitious industrial growth plans under Vision 2030. Given the region's construction boom, together with advances in energy efficiency and sustainability, the Energy and Building Technology business sector is also set for future growth. The region's target of building approximately 3 million new homes in Saudi Arabia alone underscores the immense demand for smart, energy-efficient building technologies. Bosch's expertise in connected building solutions aligns with these goals, supporting energy conservation, indoor air quality, and intelligent climate control systems. Bosch Mobility's solutions portfolio – from automotive components to advanced driver assistance systems and connected mobility – meets the evolving needs of Saudi Arabia and the UAE as they invest heavily in smart mobility infrastructure. Bosch's solutions enable safer, more efficient, and environmentally friendly transportation systems, which are integral to the region's goal of reducing carbon emissions and enhancing quality of life through intelligent mobility. Bosch Group: Outlook and strategic direction for 2025 The Bosch Group is continuing with its ambitious Strategy 2030 to strengthen its competitive position, even though the market environment was a significant brake on growth last year: at 90.3 billion euros, the supplier of technology and services generated 1.4 percent less sales revenue in 2024 than in the previous year, or 0.5 percent less after adjusting for exchange-rate effects. The EBIT margin from operations was 3.5 percent. 'In the 2024 fiscal year, we achieved important improvements in terms of costs, structures, and portfolio,' said Stefan Hartung, chairman of the board of management of Robert Bosch GmbH. With a normal inflation rate of between 2 and 3 percent, Bosch aims to achieve annual growth of between 6 and 8 percent on average until 2030. In the first quarter of the year, Bosch increased its sales revenue by 4 percent compared to the previous year. The Bosch Group is still aiming for a target margin of 7 percent in 2026, viewing this as extremely challenging given current market conditions. To remain successful amid changing markets and technologies, Bosch will continue to work intensively on costs and structures and focus on profitable business areas. 'As a global technology leader, we are fully committed to boldly playing to our strengths, such as our high level of innovativeness,' Hartung said. The company also sees its collaboration with startups as a major stimulus for growth. As one of Europe's biggest corporate venture-capital investors, the Bosch Group announced a new fund for venture capital: the subsidiary Bosch Ventures is providing around 250 million euros. Bosch expects developments in its core Mobility business sector, particularly in electromobility, hydrogen, and software-defined vehicles, to be a major stimulus for growth. In the Consumer Goods sector, Bosch sees significant growth opportunities arising from new customer requirements. The focus for power tools is on expanding the range of cordless devices, and BSH Hausgeräte is launching a fridge-freezer this year that is the first Matter-capable home appliance on the market. In its Industrial Technology business, Bosch expects order intake to stabilize and is still pursuing the goal of achieving sales revenue of around 1 billion euros by the beginning of the next decade with software and digital services such as the Hydraulic Hub. Additionally, factory automation is set to focus on growth areas such as battery, semiconductor, and consumer goods production. In the Energy and Building Technology sector, Bosch expects the planned acquisition of the heating, ventilation, and air-conditioning (HVAC) business of Johnson Controls and Hitachi to deliver significant growth. Despite all the global turbulence, climate action remains a core concern for Bosch. The company is underlining this with new scope 3 targets, which aim to bring down carbon emissions outside Bosch's direct sphere of influence, such as those from product use, even further by 2030. Irrespective of its growth targets, Bosch wants to double its corresponding CO2 reduction target by then from 15 to 30 percent compared to 2018. 'Climate change won't disappear just because the global economy currently has other challenges to deal with,' Hartung cautions. 'Sustainability remains a priority for Bosch.' About Bosch Middle East Bosch Group in the Middle East is a fully owned subsidiary of Robert Bosch GmbH, which has been operating in the Middle East for several decades. The Bosch Group in the Middle East is a supplier of technology services across the Mobility Aftermarket, Power Tools, Home Comfort Group, Building Technologies, Engineering, and Business Solutions, Drive & Control Technology, and Home Appliances business units within the Middle East region. With a total workforce of roughly 501 associates, the company registered revenues of 574 million euros during the year 2024 across 14 markets in the Middle East region. The Bosch Group is a leading global supplier of technology and services. It employs roughly 418,000 associates worldwide (as of December 31, 2024). The company generated sales of 90.3 billion euros in 2024. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. With its business activities, the company aims to use technology to help shape universal trends such as automation, electrification, digitalization, connectivity, and an orientation to sustainability. In this context, Bosch's broad diversification across regions and industries strengthens its innovativeness and robustness. Bosch uses its proven expertise in sensor technology, software, and services to offer customers cross-domain solutions from a single source. It also applies its expertise in connectivity and artificial intelligence in order to develop and manufacture user-friendly, sustainable products. With technology that is 'Invented for life,' Bosch wants to help improve quality of life and conserve natural resources. The Bosch Group comprises Robert Bosch GmbH and its roughly 490 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch's global manufacturing, engineering, and sales network covers nearly every country in the world. Bosch's innovative strength is key to the company's further development. At 136 locations across the globe, Bosch employs some 87,000 associates in research and development. The company was set up in Stuttgart in 1886 by Robert Bosch (1861–1942) as 'Workshop for Precision Mechanics and Electrical Engineering.' The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-four percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a limited liability company with a charitable purpose. The remaining shares are held by Robert Bosch GmbH and by a company owned by the Bosch family. The majority of voting rights are held by Robert Bosch Industrietreuhand KG. It is entrusted with the task of safeguarding the company's long-term existence and in particular its financial independence – in line with the mission handed down in the will of the company's founder, Robert Bosch.
Mid East Info
10-07-2025
- Automotive
- Mid East Info
Annual financial results 2024 Bosch records strong growth in the Middle East - Middle East Business News and Information
Portrait and headshot photography by Alin Constantin Photography (C) Bosch registered AED 2.3 billion (574 million euros) sales in the Middle East. Consumer Goods, Mobility and Industrial Technology business sectors continue to drive growth. Bosch foresees growth in industry 4.0 solutions, smart and energy-efficient building technologies, and mobility innovations. Dubai, United Arab Emirates – Bosch, a leading global supplier of technology and services, ended its 2024 fiscal year with AED 2.3 billion (574 million euros) in consolidated sales in the Middle East, registering a 18 percent year-on-year increase despite tough market conditions. Key contributions came from business divisions including Home Appliances, Power Tools, Mobility Aftermarket, Home Comfort, Bosch Engineering, and Bosch Global Software Solutions. Bosch remains focused on enhancing local expertise in these strategic areas to support sustained regional growth. 'Despite challenging global market conditions, Bosch Middle East continues to strengthen its position as we invest in the dynamic, fast-growing markets in the region. We are implementing our regional strategies with a strong emphasis on innovation and sustainability, while actively supporting the development of the technological landscape in the region – bringing Bosch's advanced solutions to its focus areas such as Mobility, Industrial Technology, and the Energy and Building Technology business sectors – to meet the demands of some of the world's fastest-growing economies,' said Per Johansson, Vice President, and Board Member of Bosch Middle East. 'With highly skilled teams, a sound business strategy, and over a century of expertise, we expect this positive momentum to continue in the future.' The number of associates employed at Bosch in the Middle East stood around 500 as of December 31, 2024. Positive development across all Bosch business sectors: Bosch Mobility saw significant growth in 2024, in the Middle East, driven by increasing demand for smart and sustainable mobility solutions and the emergence of new vehicle manufacturers, startups, and engineering, design and manufacturing hubs in the region. From automotive components to advanced driver assistance systems and connected mobility platforms, Bosch continues to enable the rollout of safe, efficient, environmentally friendly, and intelligent transportation systems in line with national visions of the region. Finally, significant progress was seen in the Mobility Aftermarket business, led by traditional passenger car spare parts and heavy-duty commercial vehicle components. Bosch Global Software Technologies recorded strong growth, driven by rising demand for AI-powered products, services and Engineering Services. This growth was particularly strong in Saudi Arabia and the UAE, supported by both the acquisition of new clients and the expansion of existing digital enterprise partnerships, which further accelerated the division's momentum. In the Consumer Goods business sector, Bosch experienced consistent high demand for home appliances in the region. With investments in infrastructure and life enhancing construction projects, Bosch Power Tools grew strongly. This was further bolstered by an expanded range of cordless tools and accessories. Bosch's Home Comfort division saw growth driven by the expansion in the Food & Beverage and Hospitality sectors. This led to an increasing demand for energy- efficient products like Electric Steam and Hot Water Boilers, which meet the market's need to reduce fossil fuel usage and move towards an emission-free, green environment. Bosch Middle East expansion highlights 2024: In 2024, the company marked a major milestone with the successful opening of its new headquarters in the Kingdom of Saudi Arabia, a strategic step that highlights the company's long-term dedication to the region and aligns closely with the forward-looking objectives of Saudi Vision 2030. This expansion reflects Bosch's recognition of Saudi Arabia's proactive approach to economic development and its drive to build a thriving, sustainable economy. In addition, the company recently announced the upgrade of its state-of-the-art office in the UAE and is gearing up for the inauguration of its new office in Oman. Continuous investment in the region: With government and private investments accelerating industrial transformation, smart cities, smart mobility, and sustainability initiatives across the region, we foresee growth opportunities in Industrial Technology, Energy and Building Technology, and Mobility. In the Industrial Technology business sector, the Bosch Manufacturing Group is heavily investing in turnkey solutions to boost production efficiency, automation and digital connectivity, fostering smart factories in line with regional adoption of Industry 4.0 technologies. By enabling the development of smart factories, Bosch is helping to drive productivity gains while supporting sustainability objectives, positioning itself as a key enabler of the region's ambitious industrial growth plans under Vision 2030. Given the region's construction boom, together with advances in energy efficiency and sustainability, the Energy and Building Technology business sector is also set for future growth. The region's target of building approximately 3 million new homes in Saudi Arabia alone underscores the immense demand for smart, energy-efficient building technologies. Bosch's expertise in connected building solutions aligns with these goals, supporting energy conservation, indoor air quality, and intelligent climate control systems. Bosch Mobility's solutions portfolio – from automotive components to advanced driver assistance systems and connected mobility – meets the evolving needs of Saudi Arabia and the UAE as they invest heavily in smart mobility infrastructure. Bosch's solutions enable safer, more efficient, and environmentally friendly transportation systems, which are integral to the region's goal of reducing carbon emissions and enhancing quality of life through intelligent mobility. Bosch Group: Outlook and strategic direction for 2025: The Bosch Group is continuing with its ambitious Strategy 2030 to strengthen its competitive position, even though the market environment was a significant brake on growth last year: at 90.3 billion euros, the supplier of technology and services generated 1.4 percent less sales revenue in 2024 than in the previous year, or 0.5 percent less after adjusting for exchange-rate effects. The EBIT margin from operations was 3.5 percent. 'In the 2024 fiscal year, we achieved important improvements in terms of costs, structures, and portfolio,' said Stefan Hartung, chairman of the board of management of Robert Bosch GmbH. With a normal inflation rate of between 2 and 3 percent, Bosch aims to achieve annual growth of between 6 and 8 percent on average until 2030. In the first quarter of the year, Bosch increased its sales revenue by 4 percent compared to the previous year. The Bosch Group is still aiming for a target margin of 7 percent in 2026, viewing this as extremely challenging given current market conditions. To remain successful amid changing markets and technologies, Bosch will continue to work intensively on costs and structures and focus on profitable business areas. 'As a global technology leader, we are fully committed to boldly playing to our strengths, such as our high level of innovativeness,' Hartung said. The company also sees its collaboration with startups as a major stimulus for growth. As one of Europe's biggest corporate venture-capital investors, the Bosch Group announced a new fund for venture capital: the subsidiary Bosch Ventures is providing around 250 million euros. Bosch expects developments in its core Mobility business sector, particularly in electromobility, hydrogen, and software-defined vehicles, to be a major stimulus for growth. In the Consumer Goods sector, Bosch sees significant growth opportunities arising from new customer requirements. The focus for power tools is on expanding the range of cordless devices, and BSH Hausgeräte is launching a fridge-freezer this year that is the first Matter-capable home appliance on the market. In its Industrial Technology business, Bosch expects order intake to stabilize and is still pursuing the goal of achieving sales revenue of around 1 billion euros by the beginning of the next decade with software and digital services such as the Hydraulic Hub. Additionally, factory automation is set to focus on growth areas such as battery, semiconductor, and consumer goods production. In the Energy and Building Technology sector, Bosch expects the planned acquisition of the heating, ventilation, and air-conditioning (HVAC) business of Johnson Controls and Hitachi to deliver significant growth. Despite all the global turbulence, climate action remains a core concern for Bosch. The company is underlining this with new scope 3 targets, which aim to bring down carbon emissions outside Bosch's direct sphere of influence, such as those from product use, even further by 2030. Irrespective of its growth targets, Bosch wants to double its corresponding CO2 reduction target by then from 15 to 30 percent compared to 2018. 'Climate change won't disappear just because the global economy currently has other challenges to deal with,' Hartung cautions. 'Sustainability remains a priority for Bosch.' About Bosch Middle East: Bosch Group in the Middle East is a fully owned subsidiary of Robert Bosch GmbH, which has been operating in the Middle East for several decades. The Bosch Group in the Middle East is a supplier of technology services across the Mobility Aftermarket, Power Tools, Home Comfort Group, Building Technologies, Engineering, and Business Solutions, Drive & Control Technology, and Home Appliances business units within the Middle East region. With a total workforce of roughly 501 associates, the company registered revenues of 574 million euros during the year 2024 across 14 markets in the Middle East region. The Bosch Group is a leading global supplier of technology and services. It employs roughly 418,000 associates worldwide (as of December 31, 2024). The company generated sales of 90.3 billion euros in 2024. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. With its business activities, the company aims to use technology to help shape universal trends such as automation, electrification, digitalization, connectivity, and an orientation to sustainability. In this context, Bosch's broad diversification across regions and industries strengthens its innovativeness and robustness. Bosch uses its proven expertise in sensor technology, software, and services to offer customers cross-domain solutions from a single source. It also applies its expertise in connectivity and artificial intelligence in order to develop and manufacture user-friendly, sustainable products. With technology that is 'Invented for life,' Bosch wants to help improve quality of life and conserve natural resources. The Bosch Group comprises Robert Bosch GmbH and its roughly 490 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch's global manufacturing, engineering, and sales network covers nearly every country in the world. Bosch's innovative strength is key to the company's further development. At 136 locations across the globe, Bosch employs some 87,000 associates in research and development. The company was set up in Stuttgart in 1886 by Robert Bosch (1861–1942) as 'Workshop for Precision Mechanics and Electrical Engineering.' The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-four percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a limited liability company with a charitable purpose. The remaining shares are held by Robert Bosch GmbH and by a company owned by the Bosch family. The majority of voting rights are held by Robert Bosch Industrietreuhand KG. It is entrusted with the task of safeguarding the company's long-term existence and in particular its financial independence – in line with the mission handed down in the will of the company's founder, Robert Bosch.
Arab News
30-04-2025
- Automotive
- Arab News
Bosch and Juffali celebrate 60 years of partnership
Bosch, a supplier of solutions and services, commemorated its more than 60-year relationship with Juffali Co., one of Saudi Arabia's largest commercial enterprises. For more than six decades, Juffali has been the representative of Bosch's automotive aftermarket and power tools business in Saudi Arabia. This milestone was marked at Juffali's headquarters, with attendees from both organizations, including Khaled Juffali, chairman of Juffali Co.; Per Johansson, vice president and board member of Bosch Middle East; and Haneen Al-Saleh, managing director at Bosch Saudi Arabia regional headquarters. Speaking on this long-standing partnership, Johansson emphasized the mutual trust, shared values, and strong cooperation that have strengthened Bosch and Juffali's relationship over the past six decades. 'As we recognize our partnership with Juffali, I am happy about our ongoing successful collaboration and joint accomplishments. This enduring relationship enabled us to deliver innovative solutions to our customers following our company's claim 'Invented for life.'' Al-Saleh added: 'The 60-year partnership with Juffali underlines our strong collaboration and commitment to progress. By combining our strengths, we continue to support Saudi Arabia's industrial growth and contribute to the realization of Vision 2030.' 'We at Juffali are committed to supporting Saudi Arabia's Vision 2030, which aims to diversify the economy and foster growth across various sectors. Our collaboration contributes to key aspects of the vision, including infrastructure development, industrial expansion, and technological innovation. We aim to continue building on our successful history and delivering value to our customers in the Kingdom,' said chairman Juffali. The ceremony was also attended by notable figures, including Ali Dulaim, group CEO of Juffali Co.; Dana Juffali, board member of Juffali Co.; Husni Rifai, CEO of JTECO; Faisal Charara, group CFO of Juffali Co.; and Mate Muskat, CFO of Bosch Group Middle East. With more than 12 million vehicles in Saudi Arabia, the demand for repairs and replacement parts is booming. This surge has fostered the growth of independent garages and service chains offering cost-effective alternatives. Additionally, e-commerce platforms specializing in automotive parts are revolutionizing distribution channels, thereby enhancing consumer access to an extensive range of products. Bosch has successfully introduced state-of-the-art technologies and premium components, such as advanced engine parts and diagnostic tools. Together with Juffali, investments in technician training have equipped workshops with the skills needed for modern vehicles, particularly as automotive technology continues to advance. The partnership also supports independent workshops through the Bosch Car Service Concept, contributing to a stronger automotive repair infrastructure in the Kingdom. Saudi Arabia's ambitious Vision 2030 and significant investments in giga-projects have fueled unprecedented growth in the construction sector. With large-scale developments reshaping the nation's infrastructure, the demand for high-performance tools is at an all-time high. Bosch's professional power tools and accessories are essential in driving efficiency and precision across these transformative projects. Bosch Middle East and Juffali earlier this year expanded their long-standing partnership into the home appliances industry through a strategic distribution agreement between Juffali Home Appliances and BSH Middle East. This alliance will grow the presence of Bosch home appliances across Saudi Arabia.
Al Bawaba
30-04-2025
- Automotive
- Al Bawaba
Bosch and Juffali celebrate 60 years of collaboration
Bosch, a leading supplier of solutions and services, commemorates its more than 60-year relationship with Juffali Co., one of Saudi Arabia's largest commercial enterprises. For more than six decades, Juffali has been the representative of Bosch's automotive aftermarket and power tools business in Saudi Arabia. This milestone was marked at Juffali's headquarters, with attendees from both organizations, including Khaled Juffali, Chairman of Juffali Co.; Per Johansson, Vice President and Board Member of Bosch Middle East and Haneen Al Saleh, Managing Director at Bosch Saudi Arabia Regional Headquarters. Speaking on this long-standing partnership, Per Johansson, Vice President and Board Member of Bosch Middle East, emphasised the mutual trust, shared values, and strong cooperation that have strengthened Bosch and Juffali's relationship over the past six decades. 'As we recognize our partnership with Juffali, I am happy about our ongoing successful collaboration and joint accomplishments. This enduring relationship enabled us to deliver innovative solutions to our customers following our company's claim 'Invented for life'.' Haneen Al Saleh Bassam, Managing Director at Bosch Saudi Arabia Regional Headquarters, also shared her thoughts on the partnership, stating, 'The 60-year partnership with Juffali underlines our strong collaboration and commitment to progress. By combining our strengths, we continue to support Saudi Arabia's industrial growth and contribute to the realization of Vision 2030.' 'We at Juffali are committed to supporting Saudi Arabia's Vision 2030, which aims to diversify the economy and foster growth across various sectors. Our collaboration contributes to key aspects of the Vision, including infrastructure development, industrial expansion, and technological innovation. We aim to continue building on our successful history and delivering value to our customers in the Kingdom,' said Khaled Juffali, Chairman of Juffali Co. The ceremony was also attended by notable figures, including Ali Dulaim, Group CEO of Juffali Co.; Dana Juffali, Board Member of Juffali Co.; Husni Rifai, CEO of JTECO; Faisal Charara, Group CFO of Juffali Co.; and Mate Muskat, CFO of Bosch Group Middle East. Fastest growing automotive aftermarket business in Saudi Arabia With over 12 million vehicles in Saudi, the demand for repairs and replacement parts is booming. This surge has fostered the growth of independent garages and service chains offering cost-effective alternatives. Additionally, e-commerce platforms specializing in automotive parts are revolutionizing distribution channels, thereby enhancing consumer access to an extensive range of products. Bosch has successfully introduced state-of-the-art technologies and premium components, such as advanced engine parts and diagnostic tools. Together with Juffali, investments in technician training have equipped workshops with the skills needed for modern vehicles, particularly as automotive technology continues to advance. The partnership also supports independent workshops through the Bosch Car Service Concept, contributing to a stronger automotive repair infrastructure in the Kingdom. Fostering growth through professional power tools and accessoriesSaudi Arabia's ambitious Vision 2030 and significant investments in giga projects have fueled unprecedented growth in the construction sector. With large-scale developments reshaping the nation's infrastructure, the demand for high-performance tools is at an all-time high. Bosch's professional power tools and accessories are essential in driving efficiency and precision across these transformative projects. Building on a legacy of trust and collaboration, Bosch Middle East and Juffali earlier this year expanded their long-standing partnership into the home appliances industry through a strategic distribution agreement between Juffali Home Appliances and BSH Middle East. This alliance aims to grow the presence of Bosch Home Appliances across Saudi Arabia.
