Bloomberg News

Bosch to Buy SPX’s Vehicle-Diagnostics Unit for $1.15 Billion

January 24, 2012

Jan. 24 (Bloomberg) -- Robert Bosch GmbH plans to buy SPX Corp.’s service-solutions division for $1.15 billion, expanding the German car-parts maker’s vehicle-diagnostics business.

Bosch and Charlotte, North Carolina-based SPX intend to complete the transaction in the first half of this year, the Karlsruhe-based manufacturer said today in a statement. The unit generated sales of about $920 million last year, the companies said.

To contact the editor responsible for this story: Tom Lavell at tlavell@bloomberg.net


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