Bosch Rexroth is set to acquire a majority stake in Zhejiang Easun Pneumatic Technology Co. Ltd. (Easun), based in Cixi, China. Easun, one of the leading pneumatics companies in China, develops, produces and sells pneumatic cylinders, valves, maintenance units and accessories for the local market, and employs around 900 people.
"With this acquisition, we are strengthening our position in the growing Chinese pneumatics market and offering an extended pneumatics range that is specially tailored to the requirements of Chinese customers," explains Dr. Albert Hieronimus, Chairman of the Executive Board of Bosch Rexroth AG. "The move is a continuation of our ongoing strategy of regionalization."
In 2007, Bosch Rexroth generated sales of around 350 million euro in China with a workforce of more than 2,000 associates. In 2007, the Bosch Group as a whole achieved consolidated sales of around 1.8 billion euro in China and employed more than 17,000 associates.
